Table 15-2 2009 Labor Data for Baltivia \(\begin{array}{|l|l} \hline \text { Number of adults } & 20,000 \\ \hline \text { Number of adults who are paid employees } & 8,000 \\ \hline \text { Number of adults who work in their own businesses } & 1,600 \\ \hline \text { Number of adults who are unpaid workers in a family member's business } & 1,000 \\ \hline \text { Number of adults who were temporarily absent from their jobs because of an earthquake } & 400 \\ \hline \text { Number of adults who were waiting to be recalled to a job from which they had been laid off } & 200 \\ \hline \begin{array}{l} \text { Number of adults who do not have a job, are available for work, and have tried to find a job } \\ \text { within the past four weeks } \end{array} & 1,400 \\ \hline \begin{array}{l} \text { Number of adults who do not have a job, are available for work, but have not tried to find a job } \\ \text { within the past four weeks } \end{array} & 780 \\ \hline \text { Number of adults who are full-time students } & 3,000 \\ \hline \text { Number of adults who are homemakers or retirees } & 3,620 \end{array}\) -Refer to Table 15-2. How many people were employed in Baltivia in 2009?

A) 9,600 B) 10,600 C) 11,000 D) 11,200 A) 9,600 B) 10,600 C) 11,000 D) 11,200

A) and firms paying wages above equilibrium to improve worker effort both create frictional unemployment. B) creates frictional unemployment, while firms paying wages above equilibrium to improve worker effort creates structural unemployment. C) creates structural unemployment, while firms paying wages above equilibrium to improve worker effort creates frictional unemployment. D) and firms paying wages above equilibrium to improve worker effort both create structural unemployment. A) and firms paying wages above equilibrium to improve worker effort both create frictional unemployment. B) creates frictional unemployment, while firms paying wages above equilibrium to improve worker effort creates structural unemployment. C) creates structural unemployment, while firms paying wages above equilibrium to improve worker effort creates frictional unemployment. D) and firms paying wages above equilibrium to improve worker effort both create structural unemployment.

Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor \[\begin{array} { | l | l | } \hline \text { Males not in labar farce } & 45 \text { million } \\ \hline \text { Femeles nat in labor force } & 35 \text { million } \\ \hline \text { Males unemplayed } & 5 \text { millian } \\ \hline \text { Fenales unemployed } & 5 \text { millian } \\ \hline \text { Males employed } & 85 \text { million } \\ \hline \text { Fenales enployed } & 65 \text { milling } \\ \hline \end{array}\] -Refer to Table 15-3. What is the adult labor force in Meditor?

A) 90 million B) 150 million C) 160 million D) 230 million A) 90 million B) 150 million C) 160 million D) 230 million

A) create a shortage of labor, and so reduce unemployment. B) create a shortage of labor, and so raise unemployment. C) create a surplus of labor, and so reduce unemployment. D) create a surplus of labor, and so raise unemployment. A) create a shortage of labor, and so reduce unemployment. B) create a shortage of labor, and so raise unemployment. C) create a surplus of labor, and so reduce unemployment. D) create a surplus of labor, and so raise unemployment.

Table 15-2 2009 Labor Data for Baltivia \(\begin{array}{|l|l} \hline \text { Number of adults } & 20,000 \\ \hline \text { Number of adults who are paid employees } & 8,000 \\ \hline \text { Number of adults who work in their own businesses } & 1,600 \\ \hline \text { Number of adults who are unpaid workers in a family member's business } & 1,000 \\ \hline \text { Number of adults who were temporarily absent from their jobs because of an earthquake } & 400 \\ \hline \text { Number of adults who were waiting to be recalled to a job from which they had been laid off } & 200 \\ \hline \begin{array}{l} \text { Number of adults who do not have a job, are available for work, and have tried to find a job } \\ \text { within the past four weeks } \end{array} & 1,400 \\ \hline \begin{array}{l} \text { Number of adults who do not have a job, are available for work, but have not tried to find a job } \\ \text { within the past four weeks } \end{array} & 780 \\ \hline \text { Number of adults who are full-time students } & 3,000 \\ \hline \text { Number of adults who are homemakers or retirees } & 3,620 \end{array}\) -Refer to Table 15-2. What was Baltivia's labor-force participation rate in 2009?

A) 55 percent B) 63 percent C) 66.9 percent D) 87.3 percent A) 55 percent B) 63 percent C) 66.9 percent D) 87.3 percent

Exam 15: Unemployment

Table 15-2 2009 Labor Data for Baltivia Number of adults 20,000 Number of adults who are paid employees 8,000 Number of adults who work in their own businesses 1,600 Number of adults who are unpaid workers in a family member's business 1,000 Number of adults who were temporarily absent from their jobs because of an earthquake 400 Number of adults who were waiting to be recalled to a job from which they had been laid off 200 Number of adults who do not have a job, are available for work, and have tried to find a job within the past four weeks 1,400 Number of adults who do not have a job, are available for work, but have not tried to find a job within the past four weeks 780 Number of adults who are full-time students 3,000 Number of adults who are homemakers or retirees 3,620 -Refer to Table 15-2. How many people were employed in Baltivia in 2009?

(Multiple Choice)

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Question 181

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non-institutionalized population was 110.272 million, the labor force was 65.362 million, and the number of people employed was 62.242 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about

(Multiple Choice)

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Question 182

Unions

(Multiple Choice)

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Question 183

Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor Males not in labar farce 45 million Femeles nat in labor force 35 million Males unemplayed 5 millian Fenales unemployed 5 millian Males employed 85 million Fenales enployed 65 milling -Refer to Table 15-3. What is the adult labor force in Meditor?

(Multiple Choice)

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Question 184

Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine

(Multiple Choice)

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Question 185

Most spells of unemployment are

(Multiple Choice)

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Question 186

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed?

(Multiple Choice)

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Question 187

Adam is looking for a job in marketing. He has had some offers and his prospects are promising but he's not yet accepted a job. Amanda lost her job working for Mercury Bicycles because many customers decided they prefer bicycles manufactured by Ultimate Bicycles instead. Who is frictionally unemployed?

(Multiple Choice)

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Question 188

If the minimum wage were currently above the equilibrium wage, then a decrease in the minimum wage that kept it above the equilibrium wage would

(Multiple Choice)

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Question 189

Efficiency wages

(Multiple Choice)

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Question 190

Teenagers have more frequent unemployment spells so on average they spend more time searching for jobs. Other thing the same this means that teenagers have a

(Multiple Choice)

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Question 191

The Bureau of Labor Statistics produces data on unemployment based on the number of people collecting unemployment insurance.

(True/False)

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Question 192

A typical American worker covered by unemployment insurance receives

(Multiple Choice)

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Question 193

Sectoral shifts contribute to structural unemployment.

(True/False)

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Question 194

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?

(Multiple Choice)

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Question 195

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

(True/False)

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Question 196

Table 15-2 2009 Labor Data for Baltivia Number of adults 20,000 Number of adults who are paid employees 8,000 Number of adults who work in their own businesses 1,600 Number of adults who are unpaid workers in a family member's business 1,000 Number of adults who were temporarily absent from their jobs because of an earthquake 400 Number of adults who were waiting to be recalled to a job from which they had been laid off 200 Number of adults who do not have a job, are available for work, and have tried to find a job within the past four weeks 1,400 Number of adults who do not have a job, are available for work, but have not tried to find a job within the past four weeks 780 Number of adults who are full-time students 3,000 Number of adults who are homemakers or retirees 3,620 -Refer to Table 15-2. What was Baltivia's labor-force participation rate in 2009?

(Multiple Choice)

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Question 197

Who in the adult population is counted as employed in U.S. labor statistics?

(Multiple Choice)

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Question 198

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased.

(True/False)

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Question 199

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are not eligible for unemployment insurance.

(True/False)

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Question 200

Unions

Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine

Most spells of unemployment are

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed?

If the minimum wage were currently above the equilibrium wage, then a decrease in the minimum wage that kept it above the equilibrium wage would

Efficiency wages

Teenagers have more frequent unemployment spells so on average they spend more time searching for jobs. Other thing the same this means that teenagers have a

The Bureau of Labor Statistics produces data on unemployment based on the number of people collecting unemployment insurance.

A typical American worker covered by unemployment insurance receives

Sectoral shifts contribute to structural unemployment.

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?

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

Who in the adult population is counted as employed in U.S. labor statistics?

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased.

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are not eligible for unemployment insurance.

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

Application: The Costs of Taxation

Application: International Trade

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

The Basic Tools of Finance

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomic Models

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 Trade-Off Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

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