Question 1

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

Accepted Answer

A)  job search 
B)  unions 
C)  minimum-wage laws 
D)  efficiency wages 
A)  job search 
B)  unions 
C)  minimum-wage laws 
D)  efficiency wages

Question 2

Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same,the unemployment rate

Accepted Answer

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

Question 3

Table 28-5
2010 Labor Data for Wrexington
  
-Refer to Table 28-5.The labor force of Wrexington in 2010 is 10,000.

Accepted Answer

A) True 
 B)False

Question 4

Providing training for unemployed individuals is primarily intended to reduce

Accepted Answer

A)  frictional unemployment. 
B)  seasonal unemployment. 
C)  structural unemployment. 
D)  cyclical unemployment. 
A)  frictional unemployment. 
B)  seasonal unemployment. 
C)  structural unemployment. 
D)  cyclical unemployment.

Question 5

The efficiency-wage theory of worker health is more relevant for explaining unemployment in less developed countries than in rich countries.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Collective bargaining refers to

Accepted Answer

A)  the process by which the government sets exemptions from the minimum wage law. 
B)  setting the same wage for all employees to prevent conflict among workers. 
C)  firms colluding to set the wages of employees in order to keep them below equilibrium. 
D)  the process by which unions and firms agree on the terms of employment. 
A)  the process by which the government sets exemptions from the minimum wage law. 
B)  setting the same wage for all employees to prevent conflict among workers. 
C)  firms colluding to set the wages of employees in order to keep them below equilibrium. 
D)  the process by which unions and firms agree on the terms of employment.

Question 8

Table 28-5
2010 Labor Data for Wrexington
  
-Refer to Table 28-5.The total adult population of Wrexington in 2010 is 30,000.

Accepted Answer

A) True 
 B)False

Question 9

Workers searching for jobs that best suit them is most closely associated with

Accepted Answer

A)  cyclical unemployment. 
B)  frictional unemployment. 
C)  seasonal unemployment. 
D)  structural unemployment. 
A)  cyclical unemployment. 
B)  frictional unemployment. 
C)  seasonal unemployment. 
D)  structural unemployment.

Question 10

In 2004,based on concepts similar to those used to estimate U.S.employment figures,the Swedish adult non-institutionalized population was 6.712 million,the labor force was 4.576 million,and the number of people employed was 4.276 million.According to these numbers,the Swedish labor-force participation rate and unemployment rate were about

Accepted Answer

A)  63.7% and 4.5%. 
B)  63.7% and 6.6%. 
C)  68.2% and 4.5%. 
D)  68.2% and 6.6%. 
A)  63.7% and 4.5%. 
B)  63.7% and 6.6%. 
C)  68.2% and 4.5%. 
D)  68.2% and 6.6%.

Question 11

The Bureau of Labor Statistics predicts that the number of jobs for veterinary technicians will grow faster than most occupations while the number of jobs for telephone operators will decline.This change in the labor market could lead to

Accepted Answer

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

Question 12

Which of the following is not correct?

Accepted Answer

A)  Unions are exempt from U.S.antitrust laws. 
B)  The Wagner Act of 1935 prevents U.S.employers from interfering when workers try to organize unions. 
C)  The National Labor Relations Board is the U.S.government agency that enforces workers' right to unionize. 
D)  Right-to-work laws prevent firms from hiring permanent replacements for workers who are on strike. 
A)  Unions are exempt from U.S.antitrust laws. 
B)  The Wagner Act of 1935 prevents U.S.employers from interfering when workers try to organize unions. 
C)  The National Labor Relations Board is the U.S.government agency that enforces workers' right to unionize. 
D)  Right-to-work laws prevent firms from hiring permanent replacements for workers who are on strike.

Question 13

When a country keeps its workers as fully employed as possible,it achieves a higher level of GDP than it would if it left many of its workers standing idle.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is correct?

Accepted Answer

A)  The amount of unemployment that a country typically experiences is a determinant of that country's standard of living,and some degree of unemployment is inevitable in a complex economy. 
B)  The amount of unemployment that a country typically experiences is a determinant of that country's standard of living,and a complex economy can achieve zero unemployment. 
C)  The amount of unemployment that a country typically experiences is not a determinant of that country's standard of living,and a complex economy can achieve zero unemployment. 
D)  The amount of unemployment that a country typically experiences is not a determinant of that country's standard of living,and some degree of unemployment is inevitable in a complex economy. 
A)  The amount of unemployment that a country typically experiences is a determinant of that country's standard of living,and some degree of unemployment is inevitable in a complex economy. 
B)  The amount of unemployment that a country typically experiences is a determinant of that country's standard of living,and a complex economy can achieve zero unemployment. 
C)  The amount of unemployment that a country typically experiences is not a determinant of that country's standard of living,and a complex economy can achieve zero unemployment. 
D)  The amount of unemployment that a country typically experiences is not a determinant of that country's standard of living,and some degree of unemployment is inevitable in a complex economy.

Question 15

Unemployment data are collected

Accepted Answer

A)  from unemployment insurance claims. 
B)  through a regular survey of about 60,000 households. 
C)  through a regular survey of about 200,000 firms. 
D)  Unemployment data are collected using all of the above. 
A)  from unemployment insurance claims. 
B)  through a regular survey of about 60,000 households. 
C)  through a regular survey of about 200,000 firms. 
D)  Unemployment data are collected using all of the above.

Question 16

The labor-force participation rate measures the percentage of the

Accepted Answer

A)  total adult population that is in the labor force. 
B)  total adult population that is employed. 
C)  labor force that is employed. 
D)  labor force that is either employed or unemployed. 
A)  total adult population that is in the labor force. 
B)  total adult population that is employed. 
C)  labor force that is employed. 
D)  labor force that is either employed or unemployed.

Question 17

Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

Accepted Answer

A) True 
 B)False

Question 18

Efficiency-wage theory suggests that paying

Accepted Answer

A)  low wages might be profitable because they raise the efficiency of a firm's workers. 
B)  low wages might be profitable because they lower the efficiency of a firm's workers. 
C)  high wages might be profitable because they raise the efficiency of a firm's workers. 
D)  high wages might be profitable because they lower the efficiency of a firm's workers. 
A)  low wages might be profitable because they raise the efficiency of a firm's workers. 
B)  low wages might be profitable because they lower the efficiency of a firm's workers. 
C)  high wages might be profitable because they raise the efficiency of a firm's workers. 
D)  high wages might be profitable because they lower the efficiency of a firm's workers.

Question 19

The deviation of unemployment from its natural rate is called

Accepted Answer

A)  the normal rate of unemployment. 
B)  deviant unemployment. 
C)  cyclical unemployment. 
D)  fluctuating unemployment. 
A)  the normal rate of unemployment. 
B)  deviant unemployment. 
C)  cyclical unemployment. 
D)  fluctuating unemployment.

Question 20

The unemployment rate is an imperfect measure of a nation's overall level of economic well-being.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

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

Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same,the unemployment rate

Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The labor force of Wrexington in 2010 is 10,000.

Providing training for unemployed individuals is primarily intended to reduce

The efficiency-wage theory of worker health is more relevant for explaining unemployment in less developed countries than in rich countries.

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

Collective bargaining refers to

Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The total adult population of Wrexington in 2010 is 30,000.

Workers searching for jobs that best suit them is most closely associated with

The Bureau of Labor Statistics predicts that the number of jobs for veterinary technicians will grow faster than most occupations while the number of jobs for telephone operators will decline.This change in the labor market could lead to

Which of the following is not correct?

When a country keeps its workers as fully employed as possible,it achieves a higher level of GDP than it would if it left many of its workers standing idle.

Which of the following is correct?

Unemployment data are collected

The labor-force participation rate measures the percentage of the

Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

Efficiency-wage theory suggests that paying

The deviation of unemployment from its natural rate is called

The unemployment rate is an imperfect measure of a nation's overall level of economic well-being.

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

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