Question 1

Unpaid stay-at-home fathers are included in the Bureau of Labor Statistics' "unemployed" category.

Accepted Answer

A) True 
 B)False

Question 2

Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) The unemployed 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 force 
A) The unemployed 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 force

Question 4

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, there are more workers willing to work than there are jobs, so some workers are unemployed.

Accepted Answer

A) True 
 B)False

Question 5

If the wage is kept above the equilibrium wage for any reason, the result is structural unemployment.

Accepted Answer

A) True 
 B)False

Question 6

The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed.

Accepted Answer

A) True 
 B)False

Question 7

The Bureau of Labor Statistics' U-4 measure of joblessness includes discouraged workers.

Accepted Answer

A) True 
 B)False

Question 8

In Belgium, Norway, and Sweden, the percentage of workers who belong to unions is

Accepted Answer

A) almost zero. 
B) less than it is in the United States. 
C) about the same as it is in the United States. 
D) greater than it is in the United States. 
A) almost zero. 
B) less than it is in the United States. 
C) about the same as it is in the United States. 
D) greater than it is in the United States.

Question 9

Table 28-5
2015 Labor Data for Tajnia
 $$\begin{array} { | l | l | } 
\hline \text { Number of adults employed } & 10,000 \
\hline \text { Number of adults unemployed } & 2,250 \
\hline \text { Number of adults not in the labor force } & 17,750 \
\hline
\end{array}$$
-Refer to Table 28-5. The labor-force participation rate of Tajnia in 2015 is about 40.8 percent.

Accepted Answer

A) True 
 B)False

Question 10

If an unemployed person quits looking for work, then, eventually the unemployment rate

Accepted Answer

A) decreases, and the labor-force participation rate is unaffected. 
B) and the labor-force participation rate both decrease. 
C) is unaffected, and the labor-force participation rate decreases. 
D) and the labor-force participation rate are both unaffected. 
A) decreases, and the labor-force participation rate is unaffected. 
B) and the labor-force participation rate both decrease. 
C) is unaffected, and the labor-force participation rate decreases. 
D) and the labor-force participation rate are both unaffected.

Question 11

Figure 28-1  
-Refer to Figure 28-1. If the government imposes a minimum wage of $6, then how many workers will be unemployed?

Accepted Answer

A) 1,000 
B) 2,000 
C) 0 
D) 3,000 
A) 1,000 
B) 2,000 
C) 0 
D) 3,000

Question 12

Compare the 2014 unemployment rates and labor-force participation rates of whites, blacks, adults of prime working age (ages 25-54), and teenagers (ages 16-19).

Accepted Answer

For adults:
Adult white males have the h

Question 13

Frictional unemployment is often the result of changes in the demand for labor among different firms.

Accepted Answer

A) True 
 B)False

Question 14

Define efficiency wages.

Accepted Answer

Efficiency wages are

Question 15

Kamila was absent from work because of a strep throat. Brian is not working but is available for work. Who does the Bureau of Labor Statistics count as "unemployed"?

Accepted Answer

A) Brian but not Kamila 
B) Kamila but not Brian 
C) Both Kamila and Brian 
D) Neither Kamila nor Brian 
A) Brian but not Kamila 
B) Kamila but not Brian 
C) Both Kamila and Brian 
D) Neither Kamila nor Brian

Question 16

Within the U.S. population, teenagers (ages 16-19) have similar rates of labor-force participation than adults of prime working age (ages 25-54), regardless of race or gender.

Accepted Answer

A) True 
 B)False

Question 17

The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.

Accepted Answer

A) True 
 B)False

Question 18

The labor-force participation rate equals the percentage of the total adult population that is in the labor force.

Accepted Answer

A) True 
 B)False

Question 19

Briefly describe how labor unions can affect wages in non-unionized industries.

Accepted Answer

If labor unions raise wages above the eq

Question 20

The Bureau of Labor Statistics' U-1 measure of joblessness is larger than its U-6 measure of joblessness.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment and Its Natural Rate

Unpaid stay-at-home fathers are included in the Bureau of Labor Statistics' "unemployed" category.

Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search.

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

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, there are more workers willing to work than there are jobs, so some workers are unemployed.

If the wage is kept above the equilibrium wage for any reason, the result is structural unemployment.

The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed.

The Bureau of Labor Statistics' U-4 measure of joblessness includes discouraged workers.

In Belgium, Norway, and Sweden, the percentage of workers who belong to unions is

Table 28-5 2015 Labor Data for Tajnia Number of adults employed 10,000 Number of adults unemployed 2,250 Number of adults not in the labor force 17,750 -Refer to Table 28-5. The labor-force participation rate of Tajnia in 2015 is about 40.8 percent.

If an unemployed person quits looking for work, then, eventually the unemployment rate

Figure 28-1 -Refer to Figure 28-1. If the government imposes a minimum wage of $6, then how many workers will be unemployed?

Compare the 2014 unemployment rates and labor-force participation rates of whites, blacks, adults of prime working age (ages 25-54), and teenagers (ages 16-19).

Frictional unemployment is often the result of changes in the demand for labor among different firms.

Define efficiency wages.

Kamila was absent from work because of a strep throat. Brian is not working but is available for work. Who does the Bureau of Labor Statistics count as "unemployed"?

Within the U.S. population, teenagers (ages 16-19) have similar rates of labor-force participation than adults of prime working age (ages 25-54), regardless of race or gender.

The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.

The labor-force participation rate equals the percentage of the total adult population that is in the labor force.

Briefly describe how labor unions can affect wages in non-unionized industries.

The Bureau of Labor Statistics' U-1 measure of joblessness is larger than its U-6 measure of joblessness.

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Elasticity and Its Application

Supply, Demand, and Government Policies

Consumers, Producers, and the Efficiency of Markets

Applications: The Costs of Taxation

Application: International Trade

Externalities

Public Goods and Common Resources

The Design of the Tax System

The Costs of Production

Firms in Competitive Markets

Monopoly

Monopolistic Competition

Oligopoly

The Markets for the Factors of Production

Earnings and Discrimination

Income Inequality and Poverty

The Theory of Consumer Choice

Frontiers in Microeconomics

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

Tools of Finance

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

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