Question 1

According to the scenario above, in which of the following groups are all the people cyclically unemployed?

Accepted Answer

A) Jung 
B) Darrelo 
C) Jung and Rita 
D) Jung and Thorton 
E) Thorton 
A) Jung 
B) Darrelo 
C) Jung and Rita 
D) Jung and Thorton 
E) Thorton

Question 2

In calculating the unemployment rate, part-time workers over the age of 16 are counted as

Accepted Answer

A) employed. 
B) unemployed. 
C) not in the labor force. 
D) employed if they are part-time workers for noneconomic reasons and unemployed if they are involuntary part-time workers. 
E) not in the working-age population. 
A) employed. 
B) unemployed. 
C) not in the labor force. 
D) employed if they are part-time workers for noneconomic reasons and unemployed if they are involuntary part-time workers. 
E) not in the working-age population.

Question 3

Between 1960 and 2010, the labor force participation rate for women

Accepted Answer

A) increased until about 1996. 
B) decreased in most years. 
C) did not change. 
D) first rose sharply and then, after 1996, fell equally sharply. 
E) did not change until 1992, after which it generally increased. 
A) increased until about 1996. 
B) decreased in most years. 
C) did not change. 
D) first rose sharply and then, after 1996, fell equally sharply. 
E) did not change until 1992, after which it generally increased.

Question 4

Discouraged workers

Accepted Answer

A) would decrease the unemployment rate if they were added to the number of unemployed workers. 
B) would increase unemployment rate if they were added to the number of unemployed workers. 
C) are counted as one-half of a worker in the unemployment statistics. 
D) are counted as unemployed workers when the unemployment rate is calculated. 
E) are not included in the calculation of the unemployment rate, the labor force, or the working-age population. 
A) would decrease the unemployment rate if they were added to the number of unemployed workers. 
B) would increase unemployment rate if they were added to the number of unemployed workers. 
C) are counted as one-half of a worker in the unemployment statistics. 
D) are counted as unemployed workers when the unemployment rate is calculated. 
E) are not included in the calculation of the unemployment rate, the labor force, or the working-age population.

Question 5

Over the past two decades, the unemployment rates in

Accepted Answer

A) the Eurozone have been generally less than U.S. unemployment rates. 
B) the Eurozone have been generally greater than U.S. unemployment rates. 
C) the United Kingdom have almost always been much greater than the U.S. unemployment rates. 
D) Canada are less than the U.S. unemployment rates. 
E) Japan are much larger than those in the United States. 
A) the Eurozone have been generally less than U.S. unemployment rates. 
B) the Eurozone have been generally greater than U.S. unemployment rates. 
C) the United Kingdom have almost always been much greater than the U.S. unemployment rates. 
D) Canada are less than the U.S. unemployment rates. 
E) Japan are much larger than those in the United States.

Question 6

The ongoing normal creation and destruction of jobs creates

Accepted Answer

A) frictional unemployment. 
B) structural unemployment. 
C) avoidable unemployment. 
D) cyclical unemployment. 
E) destructive unemployment. 
A) frictional unemployment. 
B) structural unemployment. 
C) avoidable unemployment. 
D) cyclical unemployment. 
E) destructive unemployment.

Question 7

For twenty years, Jim was a customer service representation at a call center in Minnesota. In order to save money, his firm moved the call center to India and laid off Jim two years ago. Jim has been unable to find a similar job anywhere. Jim's unemployment is best classified as

Accepted Answer

A) cyclical. 
B) transported. 
C) structural. 
D) frictional. 
E) competitive. 
A) cyclical. 
B) transported. 
C) structural. 
D) frictional. 
E) competitive.

Question 8

After the passage of the North American Free Trade Agreement, which made it less expensive to import goods from Mexico, workers in some industries found their factories being relocated to Mexico to take advantage of lower labor costs. These workers experienced what type of unemployment?

Accepted Answer

A) Cyclical 
B) Trade 
C) Structural 
D) Frictional 
E) Foreign 
A) Cyclical 
B) Trade 
C) Structural 
D) Frictional 
E) Foreign

Question 9

Frictional unemployment is the result of

Accepted Answer

A) technological change or foreign competition. 
B) normal labor market turnover. 
C) a slowdown in the rate of economic expansion. 
D) the economy entering a strong expansion. 
E) changes in the weather. 
A) technological change or foreign competition. 
B) normal labor market turnover. 
C) a slowdown in the rate of economic expansion. 
D) the economy entering a strong expansion. 
E) changes in the weather.

Question 10

$$\begin{array} { l c } 
 { \text { Category } } & \begin{array} { c } 
\text { Number of People } \
\text { (millions) }
\end{array} \
\hline \text { Population } & 280 \
\text { Working-age population } & 210 \
\text { Labor force } & 150 \
\text { Employed } & 135 \
\text { Unemployed } & 15 \
\hline
\end{array}$$
-Based on the above table, the unemployment rate is

Accepted Answer

A) 10 percent. 
B) 11.1 percent 
C) 7.1 percent. 
D) 5.4 percent. 
E) 8.6 percent. 
A) 10 percent. 
B) 11.1 percent 
C) 7.1 percent. 
D) 5.4 percent. 
E) 8.6 percent.

Question 11

Which is true regarding cyclical unemployment?
i. Cyclical unemployment is positive at business cycle peaks.
ii. Cyclical unemployment is negative at business cycle troughs.
iii. Cyclical unemployment is zero at full employment.

Accepted Answer

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

Question 12

Part-time workers for noneconomic reasons are people who

Accepted Answer

A) work less than 35 hours a week but would like to work more than 35 hours a week. 
B) work more than 35 hours a week but would like to work less than 35 hours a week. 
C) have lost their jobs within the last four weeks and are seeking another job. 
D) do not want to work full time. 
E) are discouraged workers. 
A) work less than 35 hours a week but would like to work more than 35 hours a week. 
B) work more than 35 hours a week but would like to work less than 35 hours a week. 
C) have lost their jobs within the last four weeks and are seeking another job. 
D) do not want to work full time. 
E) are discouraged workers.

Question 13

The working-age population of people over the age of 16 can be divided into two groups, people

Accepted Answer

A) in the labor force and people looking for work. 
B) in the labor force and people with a job. 
C) looking for work and those in the U.S. Armed Forces. 
D) in the labor force and people who are not in the labor force. 
E) with a job and people actively seeking a job. 
A) in the labor force and people looking for work. 
B) in the labor force and people with a job. 
C) looking for work and those in the U.S. Armed Forces. 
D) in the labor force and people who are not in the labor force. 
E) with a job and people actively seeking a job.

Question 14

Structural unemployment includes people who become unemployed from

Accepted Answer

A) changes in the seasons. 
B) normal changes in the labor force. 
C) technological changes. 
D) changes in the business cycle. 
E) going back to school. 
A) changes in the seasons. 
B) normal changes in the labor force. 
C) technological changes. 
D) changes in the business cycle. 
E) going back to school.

Question 15

Bo is available and willing to work but has not actively looked for work in the past month. Bo is ________ of the labor force and is ________.

Accepted Answer

A) part; counted as unemployed 
B) part; not counted as unemployed 
C) not part; not counted as unemployed 
D) not part; counted as unemployed only if he has had a job within the last 12 months 
E) not part; counted as unemployed regardless of whether or not he has had a job within the last 12 months 
A) part; counted as unemployed 
B) part; not counted as unemployed 
C) not part; not counted as unemployed 
D) not part; counted as unemployed only if he has had a job within the last 12 months 
E) not part; counted as unemployed regardless of whether or not he has had a job within the last 12 months

Question 16

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

Accepted Answer

A) 12 percent. 
B) 48 percent. 
C) 60 percent. 
D) 95 percent. 
E) 65 percent. 
A) 12 percent. 
B) 48 percent. 
C) 60 percent. 
D) 95 percent. 
E) 65 percent.

Question 17

Frictional unemployment is the result of

Accepted Answer

A) an economic recession. 
B) the economic decline of major industries. 
C) the normal process of jobs being created and destroyed. 
D) people not getting along (having friction)with their employers. 
E) changing weather throughout the year. 
A) an economic recession. 
B) the economic decline of major industries. 
C) the normal process of jobs being created and destroyed. 
D) people not getting along (having friction)with their employers. 
E) changing weather throughout the year.

Question 18

The working-age population consists of all the people in the population

Accepted Answer

A) aged 16 and over. 
B) aged 16 to 65. 
C) aged 16 and over who are not in jail, hospital, or an institution or in the U.S. Armed Forces. 
D) aged 21 and over who are not in jail, hospital, or an institution or in the U.S. Armed Forces. 
E) who are employed plus the unemployed people. 
A) aged 16 and over. 
B) aged 16 to 65. 
C) aged 16 and over who are not in jail, hospital, or an institution or in the U.S. Armed Forces. 
D) aged 21 and over who are not in jail, hospital, or an institution or in the U.S. Armed Forces. 
E) who are employed plus the unemployed people.

Question 19

$$\begin{array} { l c } 
 { \text { Category } } & \begin{array} { c } 
\text { Number of people } \
\text { (millions) }
\end{array} \
\hline \text { Total population } & 250 \
\text { Working-age population } & 160 \
\text { Labor force } & 120 \
\text { Part-time workers } & 15 \
\text { Full-time workers } & 100 \
\text { Discouraged workers } & 2
\end{array}$$
-Using the table above, the labor participation rate is

Accepted Answer

A) 67 percent. 
B) 48 percent. 
C) 75 percent. 
D) 83 percent. 
E) 40 percent. 
A) 67 percent. 
B) 48 percent. 
C) 75 percent. 
D) 83 percent. 
E) 40 percent.

Question 20

Harry works at the video rental store for 20 hours per week. He's asked his boss to allow him to work 40 hours per week, but has been told that business is too slow. Harry is considered

Accepted Answer

A) a discouraged worker. 
B) an involuntary part-time worker. 
C) a marginally attached worker. 
D) not in the labor force. 
E) a job seeker. 
A) a discouraged worker. 
B) an involuntary part-time worker. 
C) a marginally attached worker. 
D) not in the labor force. 
E) a job seeker.

According to the scenario above, in which of the following groups are all the people cyclically unemployed?

In calculating the unemployment rate, part-time workers over the age of 16 are counted as

Between 1960 and 2010, the labor force participation rate for women

Discouraged workers

Over the past two decades, the unemployment rates in

The ongoing normal creation and destruction of jobs creates

For twenty years, Jim was a customer service representation at a call center in Minnesota. In order to save money, his firm moved the call center to India and laid off Jim two years ago. Jim has been unable to find a similar job anywhere. Jim's unemployment is best classified as

After the passage of the North American Free Trade Agreement, which made it less expensive to import goods from Mexico, workers in some industries found their factories being relocated to Mexico to take advantage of lower labor costs. These workers experienced what type of unemployment?

Frictional unemployment is the result of

Category Number of People (millions) Population 280 Working-age population 210 Labor force 150 Employed 135 Unemployed 15 -Based on the above table, the unemployment rate is

Which is true regarding cyclical unemployment? i. Cyclical unemployment is positive at business cycle peaks. ii. Cyclical unemployment is negative at business cycle troughs. iii. Cyclical unemployment is zero at full employment.

Part-time workers for noneconomic reasons are people who

The working-age population of people over the age of 16 can be divided into two groups, people

Structural unemployment includes people who become unemployed from

Bo is available and willing to work but has not actively looked for work in the past month. Bo is of the labor force and is .

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 participation rate is

Frictional unemployment is the result of

The working-age population consists of all the people in the population

Category Number of people (millions) Total population 250 Working-age population 160 Labor force 120 Part-time workers 15 Full-time workers 100 Discouraged workers 2 -Using the table above, the labor participation rate is

Harry works at the video rental store for 20 hours per week. He's asked his boss to allow him to work 40 hours per week, but has been told that business is too slow. Harry is considered

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

According to the scenario above, in which of the following groups are all the people cyclically unemployed?

In calculating the unemployment rate, part-time workers over the age of 16 are counted as

Between 1960 and 2010, the labor force participation rate for women

Discouraged workers

Over the past two decades, the unemployment rates in

The ongoing normal creation and destruction of jobs creates

For twenty years, Jim was a customer service representation at a call center in Minnesota. In order to save money, his firm moved the call center to India and laid off Jim two years ago. Jim has been unable to find a similar job anywhere. Jim's unemployment is best classified as

After the passage of the North American Free Trade Agreement, which made it less expensive to import goods from Mexico, workers in some industries found their factories being relocated to Mexico to take advantage of lower labor costs. These workers experienced what type of unemployment?

Frictional unemployment is the result of

Category Number of People (millions) Population 280 Working-age population 210 Labor force 150 Employed 135 Unemployed 15 -Based on the above table, the unemployment rate is

Which is true regarding cyclical unemployment? i. Cyclical unemployment is positive at business cycle peaks. ii. Cyclical unemployment is negative at business cycle troughs. iii. Cyclical unemployment is zero at full employment.

Part-time workers for noneconomic reasons are people who

The working-age population of people over the age of 16 can be divided into two groups, people

Structural unemployment includes people who become unemployed from

Bo is available and willing to work but has not actively looked for work in the past month. Bo is ________ of the labor force and is ________.

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 participation rate is

Frictional unemployment is the result of

The working-age population consists of all the people in the population

Category Number of people (millions) Total population 250 Working-age population 160 Labor force 120 Part-time workers 15 Full-time workers 100 Discouraged workers 2 -Using the table above, the labor participation rate is

Harry works at the video rental store for 20 hours per week. He's asked his boss to allow him to work 40 hours per week, but has been told that business is too slow. Harry is considered

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

Bo is available and willing to work but has not actively looked for work in the past month. Bo is of the labor force and is .