Question 1

Table 28-4
2010 Labor Data for Adults ages 16 and older)  in Meditor
 
-Refer to Table 28-4. What is the adult female unemployment rate in Meditor?

Accepted Answer

A)   4.8%
B)   5.0%
C)   7.1%
D)   7.7%E) All of the above
F) A) and B)

Question 2

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

Accepted Answer

A) True 
 B)False

Question 3

An increase in the minimum wage

Accepted Answer

A)   increases both the quantity demanded and the quantity supplied of labor.
B)   decreases both the quantity demanded and the quantity supplied of labor.
C)   increases the quantity of labor demanded but decreases the quantity of labor supplied.
D)   decreases the quantity of labor demanded but increases the quantity of labor supplied.E) A) and B)
F) C) and D)

Question 4

Table 28-11
2010 Labor Data for Tajnia
 
-Refer to Table 28-11. The labor force of Tajnia in 2010 is 12,250.

Accepted Answer

A) True 
 B)False

Question 5

When a minimum-wage law forces the wage to remain above the equilibrium level, the result is

Accepted Answer

A)   both a shortage of labor and a shortage of jobs.
B)   a shortage of labor and a surplus of jobs.
C)   a surplus of labor and a shortage of jobs.
D)   both surplus of labor and a surplus of jobs.E) B) and C)
F) None of the above

Question 6

The process by which unions and firms agree on the terms of employment is called collective bargaining.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category?

Accepted Answer

A)   The person must have worked no more than 10 hours during the past week.
B)   The person must have tried to find employment during the previous four weeks.
C)   The person may not have been laid off.
D)   All of the above are correct.E) C) and D)
F) A) and C)

Question 8

Of the following groups, who is eligible for unemployment insurance benefits?

Accepted Answer

A)   the unemployed who quit their jobs
B)   the unemployed who were laid off because their previous employers no longer needed their skills
C)   the unemployed who were fired for cause
D)   the unemployed who just entered the labor forceE) A) and B)
F) A) and C)

Question 9

Which of the following is correct?

Accepted Answer

A)   The labor-force participation rate of women has increased in part due to smaller families.
B)   The labor-force participation rate of men has decreased in part due to men retiring younger and living longer.
C)   Both a and b are correct.
D)   Neither a nor b is correct.E) None of the above
F) A) and B)

Question 10

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

Accepted Answer

A)   600 households.
B)   6,000 households.
C)   60,000 households.
D)   6,000,000 households.E) C) and D)
F) All of the above

Question 11

Which of the following is not correct?

Accepted Answer

A)   Frictional unemployment is inevitable in a dynamic economy.
B)   Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards.
C)   At least 10 percent of U.S. manufacturing jobs are destroyed every year.
D)   More than 13 percent of U.S. workers leave their jobs in a typical month.E) A) and C)
F) A) and B)

Question 12

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes.

Accepted Answer

A) True 
 B)False

Question 13

Unemployment data are collected

Accepted Answer

A)   from unemployment insurance claims.
B)   through a regular survey of about 60,000 households.
C)   through a regular survey of about 200,000 firms.
D)   All of the above are correct.E) A) and B)
F) A) and C)

Question 14

Jamarcus works part-time as a pizza delivery person in a college town. The Bureau of Labor Statistics counts Jamarcus as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed and not in the labor force.
C)   employed and in the labor force.
D)   employed and not in the labor force.E) A) and D)
F) B) and D)

Question 15

Providing training for unemployed individuals is primarily intended to reduce

Accepted Answer

A)   frictional unemployment.
B)   seasonal unemployment.
C)   structural unemployment.
D)   cyclical unemployment.E) A) and B)
F) C) and D)

Question 16

There is no easy way for policymakers to reduce the economy's natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 17

Evidence from research studies by economists

Accepted Answer

A)   shows that increased unemployment benefits decrease the job search efforts of the unemployed.
B)   shows that increased unemployment benefits have virtually no effect on the job search efforts of the unemployed.
C)   shows that increased unemployment benefits increase the job search efforts of the unemployed.
D)   is conflicting on what increased unemployment benefits do to the job search efforts of the unemployed.E) None of the above
F) A) and D)

Question 18

Structural unemployment results when the number of jobs is insufficient for the number of workers.

Accepted Answer

A) True 
 B)False

Question 19

Almost half of all spells of unemployment end when the unemployed person .

Accepted Answer

leaves the...

Question 20

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

Accepted Answer

A)   be available for work.
B)   have tried to find employment during the previous week.
C)   have previously been employed.
D)   All of the above are correct.E) A) and B)
F) C) and D)

Exam 10: Unemployment and Its Natural Rate

Almost half of all spells of unemployment end when the unemployed person .

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Evidence from research studies by economists

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Jamarcus works part-time as a pizza delivery person in a college town. The Bureau of Labor Statistics counts Jamarcus as

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An increase in the minimum wage

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There is no easy way for policymakers to reduce the economy's natural rate of unemployment.

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Providing training for unemployed individuals is primarily intended to reduce

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Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes.

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Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor force of Tajnia in 2010 is 12,250.

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Which of the following is correct?

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When a minimum-wage law forces the wage to remain above the equilibrium level, the result is

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Structural unemployment results when the number of jobs is insufficient for the number of workers.

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Of the following groups, who is eligible for unemployment insurance benefits?

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Which of the following is not correct?

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Which of the following is a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category?

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In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

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Unemployment data are collected

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Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult female unemployment rate in Meditor?

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The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

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For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

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The process by which unions and firms agree on the terms of employment is called collective bargaining.

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