Question 1

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 2

Suppose that some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were unemployed?

Accepted Answer

A)   0.846 million
B)   0.9 million
C)   1.5 million
D)   6 millionE) None of the above
F) A) and B)

Question 3

Table 28-2
Labor Data for Aridia
 
-Refer to Table 28-2. The labor force of Aridia in 2011 was

Accepted Answer

A)   1,300.
B)   1,900.
C)   2,400.
D)   3,000.E) A) and B)
F) A) and C)

Question 4

Table 28-11
2010 Labor Data for Tajnia
 
-Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Accepted Answer

A) True 
 B)False

Question 5

The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least

Accepted Answer

A)   14 years old.
B)   16 years old.
C)   18 years old.
D)   21 years old.E) B) and D)
F) A) and B)

Question 6

Right-to-work laws allow striking union members to be permanently replaced.

Accepted Answer

A) True 
 B)False

Question 7

Suppose that neither food-service workers nor retail salespeople are unionized. If food-service workers unionize, then the supply of retail salespeople will

Accepted Answer

A)   rise, as will the wages of retail salespeople.
B)   rise, and the wages of retail salespeople will fall.
C)   fall, as will the wages of retail salespeople.
D)   fall, and the wages of retail salespeople will rise.E) None of the above
F) A) and C)

Question 8

Most spells of unemployment are short, and most unemployment observed at any given time is short-term.

Accepted Answer

A) True 
 B)False

Question 9

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages (25-54)  had the highest unemployment rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) None of the above
F) A) and B)

Question 10

Briefly summarize the advantages and disadvantages of unemployment insurance.

Accepted Answer

The main advantage is that unemployment ...

Question 11

In June 2009 the Bureau of Labor Statistics reported a U.S. foreign-born population of 35.3 million. Of these, 22.7 million were employed and 1.4 million were unemployed. Based on these numbers what were the unemployment rate and the labor-force participation rate of the foreign-born U.S. population?

Accepted Answer

A)   1.4/35.3 and 22.7/35.3
B)   1.4/35.3 and 24.1/35.3
C)   1.4/24.1 and 22.7/24.1
D)   None of the above is correct.E) B) and D)
F) A) and B)

Question 12

Unions contribute to

Accepted Answer

A)   frictional but not structural unemployment.
B)   structural but not frictional unemployment.
C)   both frictional and structural unemployment.
D)   neither frictional nor structural unemployment.E) A) and D)
F) A) and C)

Question 13

Since the 1940's U.S. union membership has

Accepted Answer

A)   fallen. This decline should have reduced structural unemployment.
B)   fallen. This decline should not have reduced structural unemployment.
C)   risen. This increase should have raised structural unemployment.
D)   risen. This increase should not have raised structural unemployment.E) B) and D)
F) A) and B)

Question 14

The Bureau of Labor Statistics is part of the U.S. Department of

Accepted Answer

A)   the Treasury.
B)   Commerce.
C)   Labor.
D)   the Interior.E) A) and D)
F) None of the above

Question 15

Which of the following is not correct?

Accepted Answer

A)   When a union is present in a labor market, wages are determined by the equilibrium of supply and demand.
B)   Like any cartel, a union is a group of sellers acting together in the hope of exerting their joint market power.
C)   The process by which unions and firms agree on the terms of employment is called collective bargaining.
D)   Most workers in the U.S. economy are not members of a union.E) All of the above
F) A) and B)

Question 16

Sandy has graduated from college and is devoting her time to searching for a job. She has seen plenty of openings but has not yet been offered one that best suits her tastes and skills. Sandy is

Accepted Answer

A)   structurally unemployed. Structural unemployment exists even in the long run.
B)   structurally unemployed. There is no structural unemployment in the long run.
C)   frictionally unemployed. Frictional unemployment exists even in the long run.
D)   frictionally unemployed. There is no frictional unemployment in the long run.E) C) and D)
F) A) and D)

Question 17

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Accepted Answer

A) True 
 B)False

Question 18

Data show that at least 10 percent of U.S. manufacturing jobs are destroyed every year.

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

Figure 28-2 
-Refer to Figure 28-2. What do the two lines in the figure measure?

Accepted Answer

A)   The top line is the labor force participation rate, and the bottom line is the unemployment rate.
B)   The top line is the labor force participation rates of the college-educated population, and bottom line is the labor force participation rates of the high-school-educated population.
C)   The top line is the foreign labor force participation rate, and the bottom line is the domestic labor force participation rate.
D)   The top line is the labor force participation rates of men, and the bottom line is the labor force participation rates of women.E) None of the above
F) B) and C)

Exam 20: Unemployment

Suppose that neither food-service workers nor retail salespeople are unionized. If food-service workers unionize, then the supply of retail salespeople will

Correct Answer
verified

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Correct Answer
verified

Briefly summarize the advantages and disadvantages of unemployment insurance.

Correct Answer
verified
The main advantage is that unemployment ...
View Answer

Since the 1940's U.S. union membership has

Correct Answer
verified

Figure 28-2 -Refer to Figure 28-2. What do the two lines in the figure measure?

Correct Answer
verified

Data show that at least 10 percent of U.S. manufacturing jobs are destroyed every year.

Correct Answer
verified

Sandy has graduated from college and is devoting her time to searching for a job. She has seen plenty of openings but has not yet been offered one that best suits her tastes and skills. Sandy is

Correct Answer
verified

Suppose that some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were unemployed?

Correct Answer
verified

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Correct Answer
verified

Right-to-work laws allow striking union members to be permanently replaced.

Correct Answer
verified

Which of the following is not correct?

Correct Answer
verified

Unions contribute to

Correct Answer
verified

Most spells of unemployment are short, and most unemployment observed at any given time is short-term.

Correct Answer
verified

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The labor force of Aridia in 2011 was

Correct Answer
verified

Correct Answer
verified

The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least

Correct Answer
verified

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

Correct Answer
verified
leaves the...
View Answer

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Correct Answer
verified

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages (25-54) had the highest unemployment rate?

Correct Answer
verified

The Bureau of Labor Statistics is part of the U.S. Department of

Correct Answer
verified

Exam 20: Unemployment

Suppose that neither food-service workers nor retail salespeople are unionized. If food-service workers unionize, then the supply of retail salespeople will

Correct AnswerverifiedShow Answer

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Correct AnswerverifiedShow Answer

Briefly summarize the advantages and disadvantages of unemployment insurance.

Correct AnswerverifiedThe main advantage is that unemployment ...View AnswerShow Answer

Since the 1940's U.S. union membership has

Correct AnswerverifiedShow Answer

Figure 28-2 -Refer to Figure 28-2. What do the two lines in the figure measure?

Correct AnswerverifiedShow Answer

Data show that at least 10 percent of U.S. manufacturing jobs are destroyed every year.

Correct AnswerverifiedShow Answer

Sandy has graduated from college and is devoting her time to searching for a job. She has seen plenty of openings but has not yet been offered one that best suits her tastes and skills. Sandy is

Correct AnswerverifiedShow Answer

Suppose that some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were unemployed?

Correct AnswerverifiedShow Answer

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Correct AnswerverifiedShow Answer

Right-to-work laws allow striking union members to be permanently replaced.

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

Unions contribute to

Correct AnswerverifiedShow Answer

Most spells of unemployment are short, and most unemployment observed at any given time is short-term.

Correct AnswerverifiedShow Answer

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The labor force of Aridia in 2011 was

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least

Correct AnswerverifiedShow Answer

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

Correct Answerverifiedleaves the...View AnswerShow Answer

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Correct AnswerverifiedShow Answer

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages (25-54) had the highest unemployment rate?

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics is part of the U.S. Department of

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The main advantage is that unemployment ...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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leaves the...
View Answer

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Correct Answer
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Correct Answer
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