Question 1

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Accepted Answer

A) True 
 B)False

Question 2

Matt is waiting to be recalled to a job from which he was laid off. David was fired but hasn't looked for work during the last two months. Who does the BLS count as unemployed?

Accepted Answer

A) Matt but not David 
B) David but not Matt 
C) both David and Matt 
D) neither David nor Matt 
A) Matt but not David 
B) David but not Matt 
C) both David and Matt 
D) neither David nor Matt

Question 3

Table 15-1
Labor Data for Aridia
 $$\begin{array} { | l | c | c | c | } 
\hline \text { Year } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 1 1 } & \mathbf { 2 0 1 2 } \
\hline \text { Adult population } & 2000 & 3000 & 3200 \
\hline \text { Number of emplayed } & 1400 & 1300 & 1600 \
\hline \text { Number of unemplayed } & 200 & 600 & 200 \
\hline
\end{array}$$
-Refer to Table 15-1. The labor-force participation rate of Aridia in 2010 was

Accepted Answer

A) 70%. 
B) 77.8%. 
C) 80%. 
D) 87.5%. 
A) 70%. 
B) 77.8%. 
C) 80%. 
D) 87.5%.

Question 4

The Bureau of Labor Statistics' U-5 measure of joblessness includes marginally attached workers.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not a cause of frictional unemployment?

Accepted Answer

A) the destruction of manufacturing jobs 
B) a worker leaving a job to find one with better benefits 
C) minimum-wage laws 
D) unemployment insurance 
A) the destruction of manufacturing jobs 
B) a worker leaving a job to find one with better benefits 
C) minimum-wage laws 
D) unemployment insurance

Question 6

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Accepted Answer

A) Julie, who is on temporary layoff 
B) Andrew, who worked only 15 hours last week 
C) Ellen, who neither has a job nor is looking for one 
D) None of the above is correct. 
A) Julie, who is on temporary layoff 
B) Andrew, who worked only 15 hours last week 
C) Ellen, who neither has a job nor is looking for one 
D) None of the above is correct.

Question 7

Table 15-5
2010 Labor Data for Tajnia
 $$\begin{array} { | l | l | } 
\hline \text { Number of adiults employed } & 10,000 \
\hline \text { Number of adults unemployed } & 2,250 \
\hline \text { Number of atults not in the labar force } & 17,750 \
\hline
\end{array}$$
-Refer to Table 15-5. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Accepted Answer

A) True 
 B)False

Question 8

If an unemployed person quits looking for work, then, eventually the unemployment rate

Accepted Answer

A) decreases and the labor-force participation rate is unaffected. 
B) and the labor-force participation rate both decrease. 
C) is unaffected and the labor-force participation rate decreases. 
D) and the labor-force participation rate are both unaffected. 
A) decreases and the labor-force participation rate is unaffected. 
B) and the labor-force participation rate both decrease. 
C) is unaffected and the labor-force participation rate decreases. 
D) and the labor-force participation rate are both unaffected.

Question 9

According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older) had the highest unemployment rate?

Accepted Answer

A) white males 
B) white females 
C) black males 
D) black females 
A) white males 
B) white females 
C) black males 
D) black females

Question 10

Following the recession of 2001, there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased?

Accepted Answer

The rate of unemployment is measured as

Question 11

Minimum wages are the predominant reason for unemployment in the U.S. economy.

Accepted Answer

A) True 
 B)False

Question 12

If unions were formed in more industries, the supply of labor in other industries would

Accepted Answer

A) increase, causing employment in other industries to rise. 
B) increase, causing employment in other industries to fall. 
C) decrease, causing employment in other industries to rise. 
D) decrease, causing employment in other industries to fall. 
A) increase, causing employment in other industries to rise. 
B) increase, causing employment in other industries to fall. 
C) decrease, causing employment in other industries to rise. 
D) decrease, causing employment in other industries to fall.

Question 13

If the wage is kept above the equilibrium level for any reason, the result is unemployment.

Accepted Answer

A) True 
 B)False

Question 14

The introduction of a union into a firm benefits all of that firm's workers.

Accepted Answer

A) True 
 B)False

Question 15

The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.

Accepted Answer

A) True 
 B)False

Question 16

Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had remained steady.

Accepted Answer

A) True 
 B)False

Question 17

Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost.

Accepted Answer

A) True 
 B)False

Question 18

Most spells of unemployment are short, and most unemployment observed at any given time is short-term.

Accepted Answer

A) True 
 B)False

Question 19

Suppose that consumers choose to smoke less and chew gum more. Tobacco companies cut back on the number of people they employ while chewing gum manufacturers employ more. This is an example of

Accepted Answer

A) structural unemployment created by efficiency wages. 
B) structural unemployment created by sectoral shifts. 
C) frictional unemployment created by efficiency wages. 
D) frictional unemployment created by sectoral shifts. 
A) structural unemployment created by efficiency wages. 
B) structural unemployment created by sectoral shifts. 
C) frictional unemployment created by efficiency wages. 
D) frictional unemployment created by sectoral shifts.

Question 20

Who is included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

A) Juan, who works most of the week in a steel factory 
B) Molly, who is on temporary layoff 
C) Charlie, who does not have a job, but is looking for work 
D) All of the above are included in the labor force. 
A) Juan, who works most of the week in a steel factory 
B) Molly, who is on temporary layoff 
C) Charlie, who does not have a job, but is looking for work 
D) All of the above are included in the labor force.

Exam 15: Unemployment

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Matt is waiting to be recalled to a job from which he was laid off. David was fired but hasn't looked for work during the last two months. Who does the BLS count as unemployed?

Table 15-1 Labor Data for Aridia Year Adult population 2000 3000 3200 Number of emplayed 1400 1300 1600 Number of unemplayed 200 600 200 -Refer to Table 15-1. The labor-force participation rate of Aridia in 2010 was

The Bureau of Labor Statistics' U-5 measure of joblessness includes marginally attached workers.

Which of the following is not a cause of frictional unemployment?

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Table 15-5 2010 Labor Data for Tajnia Number of adiults employed 10,000 Number of adults unemployed 2,250 Number of atults not in the labar force 17,750 -Refer to Table 15-5. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

If an unemployed person quits looking for work, then, eventually the unemployment rate

According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older) had the highest unemployment rate?

Following the recession of 2001, there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased?

Minimum wages are the predominant reason for unemployment in the U.S. economy.

If unions were formed in more industries, the supply of labor in other industries would

If the wage is kept above the equilibrium level for any reason, the result is unemployment.

The introduction of a union into a firm benefits all of that firm's workers.

The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.

Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had remained steady.

Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost.

Most spells of unemployment are short, and most unemployment observed at any given time is short-term.

Suppose that consumers choose to smoke less and chew gum more. Tobacco companies cut back on the number of people they employ while chewing gum manufacturers employ more. This is an example of

Who is included in the labor force by the Bureau of Labor Statistics?

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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