Question 1

Teenage unemployment rates are

Accepted Answer

A)  lower than the unemployment rates for older workers because most teenagers are in school. 
B)  lower than the unemployment rates for older workers because most teenagers are less than 16 years old. 
C)  higher than the unemployment rates for older workers because most teenagers work at home for no pay. 
D)  higher than the unemployment rates for older workers because teenagers tend to leave jobs more frequently. 
E)  lower than the unemployment rates for older workers because most teenagers are not in the labor force. 
A)  lower than the unemployment rates for older workers because most teenagers are in school. 
B)  lower than the unemployment rates for older workers because most teenagers are less than 16 years old. 
C)  higher than the unemployment rates for older workers because most teenagers work at home for no pay. 
D)  higher than the unemployment rates for older workers because teenagers tend to leave jobs more frequently. 
E)  lower than the unemployment rates for older workers because most teenagers are not in the labor force.

Question 2

Which of the following would be considered a marginally attached worker?
i. Amy, who is working 20 hours per week at her father's business.
ii. Carl, who isn't working and has not looked for work in 3 months because he has been turned down for work when he last looked.
iii. Keke, who quit her job to take care of her daughter.

Accepted Answer

A)  ii only. 
B)  i and ii. 
C)  ii and iii. 
D)  i only. 
E)  i, ii, and iii. 
A)  ii only. 
B)  i and ii. 
C)  ii and iii. 
D)  i only. 
E)  i, ii, and iii.

Question 3

During a recession the unemployment rate generally ________ and during an expansion the unemployment rate generally ________.

Accepted Answer

A)  rises; falls 
B)  rises; rises 
C)  falls; rises 
D)  rises; does not change 
E)  does not change; falls 
A)  rises; falls 
B)  rises; rises 
C)  falls; rises 
D)  rises; does not change 
E)  does not change; falls

Question 4

Andrew is not working, but is available and willing to work after finishing a month-long mission trip for his church. While on his mission, Andrew did not look for work.Andrew is considered

Accepted Answer

A)  unemployed. 
B)  part of the labor force. 
C)  a marginally attached worker. 
D)  a discouraged worker. 
E)  Both answers A and B are correct. 
A)  unemployed. 
B)  part of the labor force. 
C)  a marginally attached worker. 
D)  a discouraged worker. 
E)  Both answers A and B are correct.

Question 5

$\begin{array}{lc}
\text { Category } & \text { Number of people } \
\hline \text { Labor force } & 10,000 \
\text { Employed } & 9,000 \
\text { Under } 16 \text { years of age } & 2,000 \
\text { Working-age population } & 12,000
\end{array}$
-Using the table above, the labor force participation rate is

Accepted Answer

A)  83.3 percent. 
B)  90.0 percent. 
C)  10.0 percent. 
D)  11.1 percent. 
E)  100 percent. 
A)  83.3 percent. 
B)  90.0 percent. 
C)  10.0 percent. 
D)  11.1 percent. 
E)  100 percent.

Question 6

An unpaid worker in a family business is classified as

Accepted Answer

A)  not in the labor force. 
B)  employed no matter how many hours the person worked in the previous week. 
C)  unemployed no matter how many hours the person worked in the previous week. 
D)  employed if the person worked at least 15 hours in the previous week. 
E)  unemployed only if the person worked no hours in the previous week. 
A)  not in the labor force. 
B)  employed no matter how many hours the person worked in the previous week. 
C)  unemployed no matter how many hours the person worked in the previous week. 
D)  employed if the person worked at least 15 hours in the previous week. 
E)  unemployed only if the person worked no hours in the previous week.

Question 7

How does the Current Population Survey determine if a person should be counted in the labor force?

Accepted Answer

To be in the labor force, a person must

Question 8

The labor force participation rate is equal to

Accepted Answer

A)  (labor force ÷ population) × 100. 
B)  (labor force ÷ working-age population) × 100. 
C)  (number of employed workers ÷ labor force) × 100. 
D)  (number of employed workers ÷ working-age population) × 100. 
E)  (number of employed workers ÷ population) × 100. 
A)  (labor force ÷ population) × 100. 
B)  (labor force ÷ working-age population) × 100. 
C)  (number of employed workers ÷ labor force) × 100. 
D)  (number of employed workers ÷ working-age population) × 100. 
E)  (number of employed workers ÷ population) × 100.

Question 9

A worker is considered part time if the worker

Accepted Answer

A)  usually works less than 40 hours per week. 
B)  is not employed but is actively looking for work. 
C)  is a full-time student without a job. 
D)  usually works less than 35 hours per week. 
E)  is not employed and is not actively looking for work. 
A)  usually works less than 40 hours per week. 
B)  is not employed but is actively looking for work. 
C)  is a full-time student without a job. 
D)  usually works less than 35 hours per week. 
E)  is not employed and is not actively looking for work.

Question 10

Discuss the similarities and differences between job losers and job leavers.

Accepted Answer

Both job losers and job leavers are unem

Question 11

Between 1959 and 2009, the labor force participation rate for men

Accepted Answer

A)  increased in most years. 
B)  decreased in most years. 
C)  did not change. 
D)  fluctuated, first rising until about 1989 and after that, then falling. 
E)  did not change until 1992, after which it generally increased. 
A)  increased in most years. 
B)  decreased in most years. 
C)  did not change. 
D)  fluctuated, first rising until about 1989 and after that, then falling. 
E)  did not change until 1992, after which it generally increased.

Question 12

Suppose people decide to buy fewer GE stoves.If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results?

Accepted Answer

A)  Cyclical 
B)  Seasonal 
C)  Structural 
D)  Frictional 
E)  Discouraged 
A)  Cyclical 
B)  Seasonal 
C)  Structural 
D)  Frictional 
E)  Discouraged

Question 13

In the United States, which of the following groups has the highest unemployment rate?

Accepted Answer

A)  white males in the age range 16-19 
B)  white males in the age range 20 and over 
C)  black males in the age range 16-19 
D)  black males in the age range 20 and over 
E)  white females in the age range 20 and over 
A)  white males in the age range 16-19 
B)  white males in the age range 20 and over 
C)  black males in the age range 16-19 
D)  black males in the age range 20 and over 
E)  white females in the age range 20 and over

Question 14

What are the four types of unemployment and how do they change over the business cycle?

Accepted Answer

The four types of unemployment are frict

Question 15

The unemployment rate equals

Accepted Answer

A)  (number of people without a job ÷ population)× 100. 
B)  (number of people unemployed ÷ labor force) × 100. 
C)  (number of people without a job ÷ working-age population) × 100. 
D)  (number of people unemployed ÷ population) × 100. 
E)  [(working-age population - number of people employed) ÷ labor force] × 100. 
A)  (number of people without a job ÷ population)× 100. 
B)  (number of people unemployed ÷ labor force) × 100. 
C)  (number of people without a job ÷ working-age population) × 100. 
D)  (number of people unemployed ÷ population) × 100. 
E)  [(working-age population - number of people employed) ÷ labor force] × 100.

Question 16

Suppose the population is 250 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 200 million people.What is the unemployment rate?

Accepted Answer

A)  8.0 percent 
B)  10.0 percent 
C)  13.3 percent 
D)  20 million 
E)  15.4 percent 
A)  8.0 percent 
B)  10.0 percent 
C)  13.3 percent 
D)  20 million 
E)  15.4 percent

Question 17

The labor force includes people who i. are less than 16 years of age.
Ii) are in institutions.
Iii) are actively seeking a job but do not have a job.

Accepted Answer

A)  i only 
B)  i and iii 
C)  i and ii 
D)  iii only 
E)  i, ii, and iii 
A)  i only 
B)  i and iii 
C)  i and ii 
D)  iii only 
E)  i, ii, and iii

Question 18

Involuntary part-time workers are not working more hours due to

Accepted Answer

A)  economic reasons. 
B)  a lack of training and skills. 
C)  an increase in the labor force. 
D)  family reasons. 
E)  educational commitments. 
A)  economic reasons. 
B)  a lack of training and skills. 
C)  an increase in the labor force. 
D)  family reasons. 
E)  educational commitments.

Question 19

Integrative Questions
Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Arrelo is temporarily laid off from her technical support job because of a strike by production workers.
Schurita graduated from college in May and is currently looking for a job.
Bo quit his job on September 1 and then, after looking for a new job, will begin his new job on October 1.
Terri retired from his job on May 1.
Vicki works part-time at Bainen Press to help pay her college tuition.
-Arrelo would be classified as

Accepted Answer

A)  a job loser. 
B)  a job leaver. 
C)  an entrant. 
D)  a reentrant. 
E)  not in the labor force. 
A)  a job loser. 
B)  a job leaver. 
C)  an entrant. 
D)  a reentrant. 
E)  not in the labor force.

Question 20

Full employment is the level of unemployment that occurs

Accepted Answer

A)  when everyone looking for a job has a job. 
B)  when cyclical unemployment is zero. 
C)  when frictional and structural unemployment are zero. 
D)  when frictional, structural, and cyclical unemployment are zero. 
E)  when frictional, structural, seasonal, and cyclical unemployment are zero. 
A)  when everyone looking for a job has a job. 
B)  when cyclical unemployment is zero. 
C)  when frictional and structural unemployment are zero. 
D)  when frictional, structural, and cyclical unemployment are zero. 
E)  when frictional, structural, seasonal, and cyclical unemployment are zero.

Teenage unemployment rates are

During a recession the unemployment rate generally and during an expansion the unemployment rate generally .

Andrew is not working, but is available and willing to work after finishing a month-long mission trip for his church. While on his mission, Andrew did not look for work.Andrew is considered

Category Number of people Labor force 10,000 Employed 9,000 Under 16 years of age 2,000 Working-age population 12,000 -Using the table above, the labor force participation rate is

An unpaid worker in a family business is classified as

How does the Current Population Survey determine if a person should be counted in the labor force?

The labor force participation rate is equal to

A worker is considered part time if the worker

Discuss the similarities and differences between job losers and job leavers.

Between 1959 and 2009, the labor force participation rate for men

Suppose people decide to buy fewer GE stoves.If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results?

In the United States, which of the following groups has the highest unemployment rate?

What are the four types of unemployment and how do they change over the business cycle?

The unemployment rate equals

Suppose the population is 250 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 200 million people.What is the unemployment rate?

The labor force includes people who i. are less than 16 years of age. Ii) are in institutions. Iii) are actively seeking a job but do not have a job.

Involuntary part-time workers are not working more hours due to

Full employment is the level of unemployment that occurs

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and the Natural Unemployment Rate

Economic Growth

Finance, Saving, and Investment

The Monetary System

Money, Interest, and Inflation

Aggregate Supply and Aggregate Demand

Aggregate Expenditure Multiplier

The Short-Run Policy Tradeoff

Fiscal Policy

Monetary Policy

International Trade Policy

International Finance

Filters

Exam 6: Jobs and Unemployment

Teenage unemployment rates are

During a recession the unemployment rate generally ________ and during an expansion the unemployment rate generally ________.

Andrew is not working, but is available and willing to work after finishing a month-long mission trip for his church. While on his mission, Andrew did not look for work.Andrew is considered

Category Number of people Labor force 10,000 Employed 9,000 Under 16 years of age 2,000 Working-age population 12,000 -Using the table above, the labor force participation rate is

An unpaid worker in a family business is classified as

How does the Current Population Survey determine if a person should be counted in the labor force?

The labor force participation rate is equal to

A worker is considered part time if the worker

Discuss the similarities and differences between job losers and job leavers.

Between 1959 and 2009, the labor force participation rate for men

Suppose people decide to buy fewer GE stoves.If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results?

In the United States, which of the following groups has the highest unemployment rate?

What are the four types of unemployment and how do they change over the business cycle?

The unemployment rate equals

Suppose the population is 250 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 200 million people.What is the unemployment rate?

The labor force includes people who i. are less than 16 years of age. Ii) are in institutions. Iii) are actively seeking a job but do not have a job.

Involuntary part-time workers are not working more hours due to

Full employment is the level of unemployment that occurs

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and the Natural Unemployment Rate

Economic Growth

Finance, Saving, and Investment

The Monetary System

Money, Interest, and Inflation

Aggregate Supply and Aggregate Demand

Aggregate Expenditure Multiplier

The Short-Run Policy Tradeoff

Fiscal Policy

Monetary Policy

International Trade Policy

International Finance

Filters

During a recession the unemployment rate generally and during an expansion the unemployment rate generally .