Question 1

The Bureau of Labor Statistics' U-2 measure of joblessness includes job losers and job leavers.

Accepted Answer

A) True 
 B)False

Question 2

According to 2007 data on the U.S.population,which of the following groups of adults (ages 20 and older)has the lowest 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 3

The labor-force participation rate is the percentage of the adult population that is either employed or unemployed.

Accepted Answer

A) True 
 B)False

Question 4

Why might a favorable change in the economy,such as technological improvement or a decrease in the price of imported oil,be associated with an increase in frictional unemployment?

Accepted Answer

Even generally favorable changes will us

Question 5

Table 28-5
2010 Labor Data for Wrexington
  
-Refer to Table 28-5.The labor force of Wrexington in 2010 is 12,250.

Accepted Answer

A) True 
 B)False

Question 6

A union is an employer association that bargains with workers over wages,benefits,and working conditions.

Accepted Answer

A) True 
 B)False

Question 7

Government policy can do nothing about the natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is correct?

Accepted Answer

A)  Labor force = number of employed. 
B)  Labor force = population - number of unemployed. 
C)  Unemployment Rate = number of unemployed(number of employed + number of unemployed)100. 
D)  Unemployment Rate = number of unemployedadult population100. 
A)  Labor force = number of employed. 
B)  Labor force = population - number of unemployed. 
C)  Unemployment Rate = number of unemployed(number of employed + number of unemployed)100. 
D)  Unemployment Rate = number of unemployedadult population100.

Question 9

The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 12

Employment can rise in one region of the country while it falls in another.

Accepted Answer

A) True 
 B)False

Question 13

Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.

Accepted Answer

A) True 
 B)False

Question 14

The reported unemployment rate should be viewed as

Accepted Answer

A)  a useful but imperfect measure of joblessness. 
B)  clearly smaller than the true unemployment rate. 
C)  clearly larger than the true unemployment rate. 
D)  being very close to the true unemployment rate. 
A)  a useful but imperfect measure of joblessness. 
B)  clearly smaller than the true unemployment rate. 
C)  clearly larger than the true unemployment rate. 
D)  being very close to the true unemployment rate.

Question 15

Which of the following is not a cause of the decline in the U.S.men's labor-force participation rate over the past several decades?

Accepted Answer

A)  young men now stay in school longer than their fathers and grandfathers did 
B)  older men now retire earlier and live longer 
C)  with more women employed,there are fewer jobs now available to men 
D)  more fathers now stay at home to raise their children 
A)  young men now stay in school longer than their fathers and grandfathers did 
B)  older men now retire earlier and live longer 
C)  with more women employed,there are fewer jobs now available to men 
D)  more fathers now stay at home to raise their children

Question 16

Which of the following is not a reason economies always experience some unemployment?

Accepted Answer

A)  job search 
B)  unions 
C)  scarcity of resources 
D)  efficiency wages 
A)  job search 
B)  unions 
C)  scarcity of resources 
D)  efficiency wages

Question 17

Job search

Accepted Answer

A)  is one reason economies always experience some unemployment. 
B)  is the process of matching workers with appropriate jobs. 
C)  would not be a problem if all workers and all jobs were the same. 
D)  All of the above are correct. 
A)  is one reason economies always experience some unemployment. 
B)  is the process of matching workers with appropriate jobs. 
C)  would not be a problem if all workers and all jobs were the same. 
D)  All of the above are correct.

Question 18

Unions are exempt from U.S.antitrust laws.

Accepted Answer

A) True 
 B)False

Question 19

Table 28-1
Labor Data for Wrexington
  
-Refer to Table 28-1.The labor-force participation rate of Wrexington in 2004 was

Accepted Answer

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

Question 20

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

Accepted Answer

A)  Tuuli,who is waiting for her new job to start 
B)  Jyri,who worked only 15 hours last week 
C)  Panu,who neither has a job nor is looking for one 
D)  None of the above is correct. 
A)  Tuuli,who is waiting for her new job to start 
B)  Jyri,who worked only 15 hours last week 
C)  Panu,who neither has a job nor is looking for one 
D)  None of the above is correct.

Exam 28: Unemployment

The Bureau of Labor Statistics' U-2 measure of joblessness includes job losers and job leavers.

According to 2007 data on the U.S.population,which of the following groups of adults (ages 20 and older)has the lowest unemployment rate?

The labor-force participation rate is the percentage of the adult population that is either employed or unemployed.

Why might a favorable change in the economy,such as technological improvement or a decrease in the price of imported oil,be associated with an increase in frictional unemployment?

Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The labor force of Wrexington in 2010 is 12,250.

A union is an employer association that bargains with workers over wages,benefits,and working conditions.

Government policy can do nothing about the natural rate of unemployment.

Which of the following is correct?

The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity.

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

Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category.

Employment can rise in one region of the country while it falls in another.

Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.

The reported unemployment rate should be viewed as

Which of the following is not a cause of the decline in the U.S.men's labor-force participation rate over the past several decades?

Which of the following is not a reason economies always experience some unemployment?

Job search

Unions are exempt from U.S.antitrust laws.

Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The labor-force participation rate of Wrexington in 2004 was

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

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

Externalities

Public Goods and Common Resources

The Design of the Tax System

The Costs of Production

Firms in Competitive Markets

Monopoly

Monopolistic Competition

Oligopoly

The Markets for the Factors of Production

Earnings and Discrimination

Income Inequality and Poverty

The Theory of Consumer Choice

Frontiers of Microeconomics

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 Macroeconomics: Basic Concepts

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

Five Debates Over Macroeconomic Policy

Filters