Question 1

Discouraged workers who are over 16 years old are i. not counted as unemployed.
Ii. part of the working-age population.
Iii. part of the labor force.

Accepted Answer

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

Question 2

Between 1960 and 2011,

Accepted Answer

A) both the male and female labor force participation rates increased. 
B) the male labor force participation rate decreased rapidly, the female labor force participation rate decreased slowly, and the two rates are now equal. 
C) the male labor force participation rate decreased and the female labor force participation rate increased. 
D) both the male and female labor force participation rates decreased slowly. 
E) the male labor force participation rate did not change and the female labor force participation rate increased. 
A) both the male and female labor force participation rates increased. 
B) the male labor force participation rate decreased rapidly, the female labor force participation rate decreased slowly, and the two rates are now equal. 
C) the male labor force participation rate decreased and the female labor force participation rate increased. 
D) both the male and female labor force participation rates decreased slowly. 
E) the male labor force participation rate did not change and the female labor force participation rate increased. C

Question 3

$$\begin{array} { l c c } 
\text { Country } & \begin{array} { c } 
\text { Employment } \
\text { (millions of people) }
\end{array} & \begin{array} { c } 
\text { Unemployment } \
\text { (millions of people) }
\end{array} \
\hline \text { Canada } & 4.5 & 1.2 \
\text { Japan } & 64.2 & 3.2 \
\text { United States } & 133.5 & 5.9 \
\hline
\end{array}$$
-The table above gives the number of people employed and the number of people unemployed in Canada, Japan, and the United States on the average during 1999. In 1999, the unemployment rate in ________ was the highest and the unemployment rate in ________ was the lowest.

Accepted Answer

A) the United States; Japan 
B) Canada; the United States 
C) Japan; Canada 
D) Canada; Japan 
E) Japan; the United States 
A) the United States; Japan 
B) Canada; the United States 
C) Japan; Canada 
D) Canada; Japan 
E) Japan; the United States B

Question 4

What is a "marginally attached worker"?

Accepted Answer

A marginally attached worker is a person

Question 5

The unemployment rate is equal to

Accepted Answer

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

Question 6

$$\begin{array} { l c } 
 { \text { Category } } & \begin{array} { c } 
\text { Number of people } \
\text { (millions) }
\end{array} \
\hline \text { Total population } & 246 \
\text { Working-age population } & 207 \
\text { Labor force } & 139 \
\text { Employed } & 133 \
\text { Unemployed } & 6 \
\hline
\end{array}$$
-Based on the information in the above table, what is the labor force participation rate?

Accepted Answer

The labor force participation

Question 7

If the number of people in the labor force ________, then ________.

Accepted Answer

A) increases; the labor force participation rate increases 
B) increases; the unemployment rate definitely increases 
C) decreases; the unemployment rate definitely decreases 
D) decreases; the labor force participation rate increases 
E) decreases, the unemployment rate does not change 
A) increases; the labor force participation rate increases 
B) increases; the unemployment rate definitely increases 
C) decreases; the unemployment rate definitely decreases 
D) decreases; the labor force participation rate increases 
E) decreases, the unemployment rate does not change

Question 8

Structural unemployment is the result of

Accepted Answer

A) voluntary job quitting by workers. 
B) changing labor needs by firms during the year. 
C) technology changes or foreign competition. 
D) changes in the family structure. 
E) downturns in the business cycle. 
A) voluntary job quitting by workers. 
B) changing labor needs by firms during the year. 
C) technology changes or foreign competition. 
D) changes in the family structure. 
E) downturns in the business cycle.

Question 9

Which of the following describe the United States' unemployment rate over the last 80 years?
i. The unemployment rate has decreased each year since the Great Depression.
ii. The unemployment rate has averaged about 5.7 percent since 1929.
iii. Job creation due to defense spending and consumer spending in the 1960s drove the unemployment rate to one of its lowest level.

Accepted Answer

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

Question 10

The women's labor force participation rate is

Accepted Answer

A) higher in Japan than in the United States. 
B) higher in the United States than in France. 
C) higher in Italy than in the United States. 
D) higher in Spain than in Iceland. 
E) higher in the United States than in Iceland or Norway. 
A) higher in Japan than in the United States. 
B) higher in the United States than in France. 
C) higher in Italy than in the United States. 
D) higher in Spain than in Iceland. 
E) higher in the United States than in Iceland or Norway.

Question 11

The natural unemployment rate

Accepted Answer

A) includes only frictional and structural unemployment. 
B) is equal to zero when there are no economic fluctuations. 
C) is easy to measure. 
D) is very stable in value across time. 
E) includes some frictional, structural, and cyclical unemployment. 
A) includes only frictional and structural unemployment. 
B) is equal to zero when there are no economic fluctuations. 
C) is easy to measure. 
D) is very stable in value across time. 
E) includes some frictional, structural, and cyclical unemployment.

Question 12

Which of the following statements is true regarding part-time workers?

Accepted Answer

A) Part-time workers are divided those who voluntary choose part-time work and those who work part-time due to economic reasons. 
B) The percentage of workers who are part time due to non-economic reasons rise significantly during recessions. 
C) The percentage of workers who are part time due to economic reasons does not change much over the business cycle. 
D) The percentage of workers who are part time due to non-economic reasons is about the same percentage as those who are voluntary reasons. 
E) Part-time workers who are part-time for economic reasons are included in the unemployment rate, but part-time workers who are part time for noneconomic reasons are not included in the unemployment rate. 
A) Part-time workers are divided those who voluntary choose part-time work and those who work part-time due to economic reasons. 
B) The percentage of workers who are part time due to non-economic reasons rise significantly during recessions. 
C) The percentage of workers who are part time due to economic reasons does not change much over the business cycle. 
D) The percentage of workers who are part time due to non-economic reasons is about the same percentage as those who are voluntary reasons. 
E) Part-time workers who are part-time for economic reasons are included in the unemployment rate, but part-time workers who are part time for noneconomic reasons are not included in the unemployment rate.

Question 13

To be counted as employed by the BLS, in the week before the survey the person must have worked for pay ________.

Accepted Answer

A) at least 1 hour 
B) at least 5 hours 
C) more than 20 hours 
D) 40 hours 
E) None of the above are right because the BLS counts as employed anyone who works volunteer hours at a non-profit institution. 
A) at least 1 hour 
B) at least 5 hours 
C) more than 20 hours 
D) 40 hours 
E) None of the above are right because the BLS counts as employed anyone who works volunteer hours at a non-profit institution.

Question 14

The labor force is the

Accepted Answer

A) number of employed people plus the number of unemployed people. 
B) total population divided by the number of employed people. 
C) number of employed people in the working-age population. 
D) working-age population minus the number of unemployed people. 
E) number of employed people minus the number of unemployed people. 
A) number of employed people plus the number of unemployed people. 
B) total population divided by the number of employed people. 
C) number of employed people in the working-age population. 
D) working-age population minus the number of unemployed people. 
E) number of employed people minus the number of unemployed people.

Question 15

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 16

Full employment means that

Accepted Answer

A) the unemployment rate is below 6 percent. 
B) there is no cyclical unemployment. 
C) the unemployment rate is zero. 
D) the frictional unemployment rate is equal to the structural unemployment rate. 
E) there is no frictional unemployment. 
A) the unemployment rate is below 6 percent. 
B) there is no cyclical unemployment. 
C) the unemployment rate is zero. 
D) the frictional unemployment rate is equal to the structural unemployment rate. 
E) there is no frictional unemployment.

Question 17

$$\begin{array} { l c } 
 { \text { Category } } & \begin{array} { c } 
\text { Number of people } \
\text { (millions) }
\end{array} \
\hline \text { Discouraged workers } & 5 \
\text { Unemployed workers } & 12 \
\text { Employed workers } & 48 \
\text { Working-age population } & 100 \
\hline
\end{array}$$
-From the table above, which gives data about the U.S. labor market in 1933, the labor force is

Accepted Answer

A) 48 million. 
B) 60 million. 
C) 65 million. 
D) 100 million. 
E) 12 million. 
A) 48 million. 
B) 60 million. 
C) 65 million. 
D) 100 million. 
E) 12 million.

Question 18

Define and give an example of how a spell of structural unemployment can begin.

Accepted Answer

Structural unemployment arises when chan

Question 19

In the United States, a reason for the increase of the labor force participation rate for women is that

Accepted Answer

A) an increase in wealth allowed men to retire early. 
B) more women pursued a college education and received higher wages upon graduation. 
C) improved Social Security benefits are available for women if they work. 
D) there has been a decrease in jobs with flexible hours. 
E) fewer women married. 
A) an increase in wealth allowed men to retire early. 
B) more women pursued a college education and received higher wages upon graduation. 
C) improved Social Security benefits are available for women if they work. 
D) there has been a decrease in jobs with flexible hours. 
E) fewer women married.

Question 20

Suppose there are 180 million employed people and 20 million unemployed people.
a. What is the unemployment rate?
b. Suppose that 5 million unemployed people give up their search for jobs and become discouraged workers. What is the new unemployment rate?

Accepted Answer

a. The unemployment rate is (2

Discouraged workers who are over 16 years old are i. not counted as unemployed. Ii. part of the working-age population. Iii. part of the labor force.

Between 1960 and 2011,

What is a "marginally attached worker"?

The unemployment rate is equal to

Category Number of people (millions) Total population 246 Working-age population 207 Labor force 139 Employed 133 Unemployed 6 -Based on the information in the above table, what is the labor force participation rate?

If the number of people in the labor force , then .

Structural unemployment is the result of

The women's labor force participation rate is

The natural unemployment rate

Which of the following statements is true regarding part-time workers?

To be counted as employed by the BLS, in the week before the survey the person must have worked for pay ________.

The labor force is the

A worker is considered part time if the worker

Full employment means that

Category Number of people (millions) Discouraged workers 5 Unemployed workers 12 Employed workers 48 Working-age population 100 -From the table above, which gives data about the U.S. labor market in 1933, the labor force is

Define and give an example of how a spell of structural unemployment can begin.

In the United States, a reason for the increase of the labor force participation rate for women is that

Suppose there are 180 million employed people and 20 million unemployed people. a. What is the unemployment rate? b. Suppose that 5 million unemployed people give up their search for jobs and become discouraged workers. What is the new unemployment rate?

Getting Started

The Us and Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, Education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

Filters

Exam 15: Jobs and Unemployment

Discouraged workers who are over 16 years old are i. not counted as unemployed. Ii. part of the working-age population. Iii. part of the labor force.

Between 1960 and 2011,

What is a "marginally attached worker"?

The unemployment rate is equal to

Category Number of people (millions) Total population 246 Working-age population 207 Labor force 139 Employed 133 Unemployed 6 -Based on the information in the above table, what is the labor force participation rate?

If the number of people in the labor force ________, then ________.

Structural unemployment is the result of

The women's labor force participation rate is

The natural unemployment rate

Which of the following statements is true regarding part-time workers?

To be counted as employed by the BLS, in the week before the survey the person must have worked for pay ________.

The labor force is the

A worker is considered part time if the worker

Full employment means that

Category Number of people (millions) Discouraged workers 5 Unemployed workers 12 Employed workers 48 Working-age population 100 -From the table above, which gives data about the U.S. labor market in 1933, the labor force is

Define and give an example of how a spell of structural unemployment can begin.

In the United States, a reason for the increase of the labor force participation rate for women is that

Suppose there are 180 million employed people and 20 million unemployed people. a. What is the unemployment rate? b. Suppose that 5 million unemployed people give up their search for jobs and become discouraged workers. What is the new unemployment rate?

Getting Started

The Us and Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, Education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

Filters

If the number of people in the labor force , then .