Exam 15: Unemployment

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Advocates of unions contend that unions are a necessary antidote to the market power of the firms that hire workers and that unions are important for helping firms respond efficiently to workers' concerns.

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Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

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Job search

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Suppose that computer factory workers and cell phone factory workers have no unions. Now suppose that cell phone factory workers form unions. What does this do the labor supply of and wages of workers in computer factories?

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U.S. Department of Labor data show that minimum-wage workers tend to be

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The invention of the telegraph led to the loss of jobs for those who had delivered mail by horse, but created jobs for telegraph operators and delivery persons. This is an example of

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The unemployment that results from the process of matching workers and jobs is called frictional unemployment.

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Renee is the CEO of a corporation that hires nonunion labor. According to the theory of efficiency wages, if she decides to pay her workers more than the competitive equilibrium wage, then

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Ava owns her own business. The Bureau of Labor Statistics counts Ava as

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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 female population in Meditor?

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The labor-force participation rate tells us the fraction of the population that

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Providing training for unemployed individuals is primarily intended to reduce

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According to 2009 data on the U.S. population which of the following was correct for people ages 20 and over?

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Suppose some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were employed?

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The adult labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market.

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The amount of unemployment that a country typically experiences is a determinant of its standard of living.

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Full-time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

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The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to structural unemployment.

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Other things the same, countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.

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Some degree of unemployment is inevitable in a complex economy.

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