Question 1

Why have labor-force participation rates for women in the United States increased since World War II while labor- force participation rates for men have decreased?

Accepted Answer

Causes of the increase in the U.S. women...

Question 2

Which of the following is correct?

Accepted Answer

A)   In the U.S. the natural rate of unemployment is frequently near 2%.
B)   The natural rate of unemployment fluctuates more than the cyclical rate of unemployment.
C)   The cyclical rate of unemployment is sometimes below the natural rate of unemployment.
D)   None of the above is correct.E) None of the above
F) All of the above

Question 3

A person who is counted as "unemployed" by the Bureau of Labor Statistics

Accepted Answer

A)   is also in the labor force.
B)   must have recently looked for work or be on temporary layoff.
C)   must be at least 16 years old.
D)   All of the above are correct.E) B) and C)
F) All of the above

Question 4

Which of the following is a source of frictional unemployment?

Accepted Answer

A)   changes in the composition of demand among industries or regions
B)   minimum wages
C)   labor unions
D)   None of the above is correct.E) A) and B)
F) A) and C)

Question 5

The Bureau of Labor Statistics reported in 2005 that there were 53.23 million people over age 25 who had at least a bachelor's degree, 40.59 million of whom were employed and 0.98 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?

Accepted Answer

A)   76.3% and 1.8%
B)   76.3% and 2.4%
C)   78.1% and 1.8%
D)   78.1% and 2.4%E) B) and C)
F) A) and C)

Question 6

Rupert is collecting unemployment insurance benefits. To continue to receive his benefits, he must be looking for work. Because he'd like to continue collecting benefits rather than take a job, he applies at places that are unlikely to hire him. People like Rupert make the reported unemployment rate less than it would otherwise be.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not a cause of frictional unemployment?

Accepted Answer

A)   the destruction of manufacturing jobs
B)   a worker leaving a job to find one with better benefits
C)   minimum-wage laws
D)   unemployment insuranceE) B) and C)
F) A) and C)

Question 8

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) A) and D)
F) A) and C)

Question 9

Figure 28-3 
-Refer to Figure 28-3. If the government imposes a minimum wage of $4, how many workers will be unemployed?

Accepted Answer

A)   0
B)   3,000
C)   4,000
D)   7,000E) B) and D)
F) A) and D)

Question 10

According to the theory of efficiency wages, it may be profitable for firms to keep wages high even in the presence of a surplus of labor.

Accepted Answer

A) True 
 B)False

Question 11

Economists at the Congressional Budget Office estimated that for 2012, the U.S. natural rate of unemployment was about 5.5 percent.

Accepted Answer

A) True 
 B)False

Question 12

Minimum-wage laws, unions, and efficiency wages contribute to

Accepted Answer

A)   both structural unemployment and the natural rate of unemployment.
B)   neither structural unemployment nor the natural rate of unemployment.
C)   structural unemployment, but not the natural rate of unemployment.
D)   the natural rate of unemployment, but not structural unemployment.E) B) and C)
F) C) and D)

Question 13

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

Accepted Answer

A)   43.3%.
B)   54.2%.
C)   63.3%.
D)   68.4%.E) B) and C)
F) B) and D)

Question 14

An American worker who becomes unemployed typically receives 100% of her former salary during the first six months she is unemployed.

Accepted Answer

A) True 
 B)False

Question 15

Economists would predict that, other things the same, the more generous unemployment compensation a country has, the

Accepted Answer

A)   shorter the duration of each spell of unemployment and the higher the unemployment rate.
B)   shorter the duration of each spell of unemployment and the lower the unemployment rate.
C)   longer the duration of each spell of unemployment and the higher the unemployment rate.
D)   longer the duration of each spell of unemployment and the lower the unemployment rate.E) B) and C)
F) A) and D)

Question 16

Table 28-6
 
-Refer to Table 28-6. What is the U-6 measure of labor underutilization?

Accepted Answer

A)   8.4%
B)   9.0%
C)   9.2%
D)   35.2%E) B) and C)
F) A) and D)

Question 17

When a union is present in a labor market, wages are not determined by the equilibrium of supply and demand.

Accepted Answer

A) True 
 B)False

Question 18

The labor force minus the number of employed equals the number of unemployed.

Accepted Answer

A) True 
 B)False

Question 19

The National Labor Relations Board

Accepted Answer

A)   enforces antitrust laws against unions.
B)   enforces workers' rights to unionize.
C)   acts as a union's representative in collective bargaining.
D)   is required to approve all collective bargaining agreements before they can be enforced.E) B) and C)
F) A) and B)

Question 20

Within the U.S. population, women of prime working age ages 25-54) have lower rates of labor-force participation than men of prime working age ages 25-54), regardless of race.

Accepted Answer

A) True 
 B)False

Exam 15: Unemployment

Economists would predict that, other things the same, the more generous unemployment compensation a country has, the

Correct Answer
verified

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

Correct Answer
verified

Figure 28-3 -Refer to Figure 28-3. If the government imposes a minimum wage of $4, how many workers will be unemployed?

Correct Answer
verified

Which of the following is correct?

Correct Answer
verified

Table 28-6 -Refer to Table 28-6. What is the U-6 measure of labor underutilization?

Correct Answer
verified

The National Labor Relations Board

Correct Answer
verified

Why have labor-force participation rates for women in the United States increased since World War II while labor- force participation rates for men have decreased?

Correct Answer
verified
Causes of the increase in the U.S. women...
View Answer

The Bureau of Labor Statistics reported in 2005 that there were 53.23 million people over age 25 who had at least a bachelor's degree, 40.59 million of whom were employed and 0.98 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?

Correct Answer
verified

An American worker who becomes unemployed typically receives 100% of her former salary during the first six months she is unemployed.

Correct Answer
verified

Minimum-wage laws, unions, and efficiency wages contribute to

Correct Answer
verified

Which of the following is a source of frictional unemployment?

Correct Answer
verified

According to the theory of efficiency wages, it may be profitable for firms to keep wages high even in the presence of a surplus of labor.

Correct Answer
verified

A person who is counted as "unemployed" by the Bureau of Labor Statistics

Correct Answer
verified

Which of the following is not a cause of frictional unemployment?

Correct Answer
verified

Economists at the Congressional Budget Office estimated that for 2012, the U.S. natural rate of unemployment was about 5.5 percent.

Correct Answer
verified

When a union is present in a labor market, wages are not determined by the equilibrium of supply and demand.

Correct Answer
verified

The labor force minus the number of employed equals the number of unemployed.

Correct Answer
verified

Correct Answer
verified

Within the U.S. population, women of prime working age ages 25-54) have lower rates of labor-force participation than men of prime working age ages 25-54), regardless of race.

Correct Answer
verified

Evidence from research studies by economists

Correct Answer
verified

Exam 15: Unemployment

Economists would predict that, other things the same, the more generous unemployment compensation a country has, the

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Figure 28-3 -Refer to Figure 28-3. If the government imposes a minimum wage of $4, how many workers will be unemployed?

Correct AnswerverifiedShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

Table 28-6 -Refer to Table 28-6. What is the U-6 measure of labor underutilization?

Correct AnswerverifiedShow Answer

The National Labor Relations Board

Correct AnswerverifiedShow Answer

Why have labor-force participation rates for women in the United States increased since World War II while labor- force participation rates for men have decreased?

Correct AnswerverifiedCauses of the increase in the U.S. women...View AnswerShow Answer

The Bureau of Labor Statistics reported in 2005 that there were 53.23 million people over age 25 who had at least a bachelor's degree, 40.59 million of whom were employed and 0.98 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?

Correct AnswerverifiedShow Answer

An American worker who becomes unemployed typically receives 100% of her former salary during the first six months she is unemployed.

Correct AnswerverifiedShow Answer

Minimum-wage laws, unions, and efficiency wages contribute to

Correct AnswerverifiedShow Answer

Which of the following is a source of frictional unemployment?

Correct AnswerverifiedShow Answer

According to the theory of efficiency wages, it may be profitable for firms to keep wages high even in the presence of a surplus of labor.

Correct AnswerverifiedShow Answer

A person who is counted as "unemployed" by the Bureau of Labor Statistics

Correct AnswerverifiedShow Answer

Which of the following is not a cause of frictional unemployment?

Correct AnswerverifiedShow Answer

Economists at the Congressional Budget Office estimated that for 2012, the U.S. natural rate of unemployment was about 5.5 percent.

Correct AnswerverifiedShow Answer

When a union is present in a labor market, wages are not determined by the equilibrium of supply and demand.

Correct AnswerverifiedShow Answer

The labor force minus the number of employed equals the number of unemployed.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Within the U.S. population, women of prime working age ages 25-54) have lower rates of labor-force participation than men of prime working age ages 25-54), regardless of race.

Correct AnswerverifiedShow Answer

Evidence from research studies by economists

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Causes of the increase in the U.S. women...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified