Question 1

Compared to a high-wage worker,a low-wage worker will tend to:

Accepted Answer

A) pursue more goods-intensive activities 
B) pursue more time-intensive activities 
C) pursue fewer time-intensive activities 
D) sacrifice time-intensive activities in favor of goods-intensive activities 
A) pursue more goods-intensive activities 
B) pursue more time-intensive activities 
C) pursue fewer time-intensive activities 
D) sacrifice time-intensive activities in favor of goods-intensive activities B

Question 2

One of the primary reasons for the decline in the labor force participation rate of teens in the summer over the past 15 years is the:

Accepted Answer

A) below-average performance of the economy beginning in 1994 
B) increased enrollment of teens in summer school programs 
C) higher real wages available to teens since 1994 
D) the slightly higher rate for whites and males coupled with a significantly lower rate for African-Americans and females 
A) below-average performance of the economy beginning in 1994 
B) increased enrollment of teens in summer school programs 
C) higher real wages available to teens since 1994 
D) the slightly higher rate for whites and males coupled with a significantly lower rate for African-Americans and females B

Question 3

The added-worker effect suggests that:

Accepted Answer

A) higher wages will attract more persons into the labor market during market expansions 
B) when one family member loses a job,other family members may enter the labor force 
C) the measured unemployment rate probably understates the true economic hardship associated with unemployment 
D) the labor force participation rate will fall as the unemployment rate rises 
A) higher wages will attract more persons into the labor market during market expansions 
B) when one family member loses a job,other family members may enter the labor force 
C) the measured unemployment rate probably understates the true economic hardship associated with unemployment 
D) the labor force participation rate will fall as the unemployment rate rises B

Question 4

Research suggests that the wide-spread use of the birth control pill:

Accepted Answer

A) accounts for over half the increase in the labor force participation rate married women since 1950 
B) accounts for about one-third of the increase in the share of women in professional occupations between 1970 and 1990 
C) accounts for over two-thirds of the drop in the age of first marriage between 1970 and 1990 
D) had no measurable impact on the labor force participation rate of women 
A) accounts for over half the increase in the labor force participation rate married women since 1950 
B) accounts for about one-third of the increase in the share of women in professional occupations between 1970 and 1990 
C) accounts for over two-thirds of the drop in the age of first marriage between 1970 and 1990 
D) had no measurable impact on the labor force participation rate of women

Question 5

Which of the following best exemplifies the Becker substitution effect? An increase in the market wage leads a household to:

Accepted Answer

A) eat more fast-food meals 
B) play more golf together 
C) have more children 
D) take fewer,but longer vacations 
A) eat more fast-food meals 
B) play more golf together 
C) have more children 
D) take fewer,but longer vacations

Question 6

Which one of the following gives rise to a retirement-inducing substitution effect? As workers approach retirement age:

Accepted Answer

A) Social Security benefits become available 
B) wealth becomes sufficient to make retirement affordable 
C) earnings potential decreases so that leisure becomes relatively more costly 
D) earnings potential decreases so that leisure becomes relatively less costly 
A) Social Security benefits become available 
B) wealth becomes sufficient to make retirement affordable 
C) earnings potential decreases so that leisure becomes relatively more costly 
D) earnings potential decreases so that leisure becomes relatively less costly

Question 7

Compared to white females,the labor force participation rate of African-American females is _____.Compared to white males the labor force participation rate of African-American males is _____.

Accepted Answer

A) nearly identical; nearly identical 
B) greater; lower 
C) lower; greater 
D) nearly identical; lower 
A) nearly identical; nearly identical 
B) greater; lower 
C) lower; greater 
D) nearly identical; lower

Question 8

Most of the variations in U.S.population growth have resulted from changes in:

Accepted Answer

A) birthrates and net migration 
B) birthrates and death rates 
C) net migration and death rates 
D) birthrates and technological change 
A) birthrates and net migration 
B) birthrates and death rates 
C) net migration and death rates 
D) birthrates and technological change

Question 9

Which of the following is a member of the potential labor force?

Accepted Answer

A) A 75 year old retired autoworker living at home 
B) A 15 year old student 
C) A 60 year old Alzheimer's patient now living in a nursing home 
D) A 35 year old stockbroker convicted of fraud now serving a 10-year sentence 
A) A 75 year old retired autoworker living at home 
B) A 15 year old student 
C) A 60 year old Alzheimer's patient now living in a nursing home 
D) A 35 year old stockbroker convicted of fraud now serving a 10-year sentence

Question 10

Which of the following best exemplifies the Becker income effect? An increase in the market wage leads a household to:

Accepted Answer

A) substitute time for goods in the production of commodities 
B) consume fewer time-intensive commodities and more goods-intensive commodities 
C) consume more commodities 
D) have fewer children 
A) substitute time for goods in the production of commodities 
B) consume fewer time-intensive commodities and more goods-intensive commodities 
C) consume more commodities 
D) have fewer children

Question 11

Empirical evidence suggests that the:

Accepted Answer

A) added-worker effect dominates the discouraged-worker effect; the participation rate varies inversely with the unemployment rate 
B) discouraged-worker effect dominates the added-worker effect; the participation rate varies inversely with the unemployment rate 
C) added-worker effect dominates the discouraged-worker effect; the participation rate varies directly with the unemployment rate 
D) discouraged-worker effect dominates the added-worker effect; the participation rate varies directly with the unemployment rate 
A) added-worker effect dominates the discouraged-worker effect; the participation rate varies inversely with the unemployment rate 
B) discouraged-worker effect dominates the added-worker effect; the participation rate varies inversely with the unemployment rate 
C) added-worker effect dominates the discouraged-worker effect; the participation rate varies directly with the unemployment rate 
D) discouraged-worker effect dominates the added-worker effect; the participation rate varies directly with the unemployment rate

Question 12

Which one of the following is not predicted to increase the labor force participation rate of married women?

Accepted Answer

A) Rising wage rates for husbands 
B) Rising productivity in the household 
C) Declining birthrates 
D) Attempts to maintain living standards 
A) Rising wage rates for husbands 
B) Rising productivity in the household 
C) Declining birthrates 
D) Attempts to maintain living standards

Question 13

In Becker's model of time allocation,the difference between "goods" and "commodities" is that commodities are produced:

Accepted Answer

A) in markets whereas goods are produced in households 
B) only with housework 
C) by combining goods with time 
D) in the market,whereas goods are produced in the home 
A) in markets whereas goods are produced in households 
B) only with housework 
C) by combining goods with time 
D) in the market,whereas goods are produced in the home

Question 14

Which one of the following is not a plausible explanation of the observed change in the participation rate of males age 65 and older since World War II?

Accepted Answer

A) Growth in the percentage of the labor force covered by private pensions 
B) Cutbacks in Social Security benefits 
C) The long-term growth of average real incomes and wealth 
D) The increased generosity of the disability component of Social Security 
A) Growth in the percentage of the labor force covered by private pensions 
B) Cutbacks in Social Security benefits 
C) The long-term growth of average real incomes and wealth 
D) The increased generosity of the disability component of Social Security

Question 15

Compared to basic work-leisure choice model,Becker's model of time allocation:

Accepted Answer

A) considers the week rather than the day as the basic unit of time 
B) considers the household rather than the individual as the basic decision-making unit 
C) assumes that goods and services take no time to consume 
D) considers time spent in household work as work time rather than leisure time 
A) considers the week rather than the day as the basic unit of time 
B) considers the household rather than the individual as the basic decision-making unit 
C) assumes that goods and services take no time to consume 
D) considers time spent in household work as work time rather than leisure time

Question 16

"For married women,the substitution effect of rising wage rates has apparently outweighed the income effect." Empirical evidence suggests this statement is:

Accepted Answer

A) true because the labor force participation rate of women has been increasing 
B) true because married women have had to work to maintain household living standards 
C) not true because the labor force participation rate of women has been increasing 
D) not true because the labor force participation rate of women has been declining 
A) true because the labor force participation rate of women has been increasing 
B) true because married women have had to work to maintain household living standards 
C) not true because the labor force participation rate of women has been increasing 
D) not true because the labor force participation rate of women has been declining

Question 17

In a particular family,both spouse A and spouse B could earn $20 per hour in market work.However,spouse A has a comparative advantage in the production of home-produced goods.Becker's model of time allocation predicts that:

Accepted Answer

A) spouse B will be better able to substitute time for goods in the production of commodities 
B) spouse A and spouse B will divide market work and home production equally 
C) spouse A will tend to specialize in market work; spouse B in home production 
D) spouse A will tend to specialize in home production; spouse B in market work 
A) spouse B will be better able to substitute time for goods in the production of commodities 
B) spouse A and spouse B will divide market work and home production equally 
C) spouse A will tend to specialize in market work; spouse B in home production 
D) spouse A will tend to specialize in home production; spouse B in market work

Question 18

The relatively low labor force participation rate of African-American males may be partly explained by:

Accepted Answer

A) the relatively higher participation rate of African-American females 
B) the increased availability of public income maintenance programs 
C) lower average wages and job prospects available to African-American males 
D) all of the above 
A) the relatively higher participation rate of African-American females 
B) the increased availability of public income maintenance programs 
C) lower average wages and job prospects available to African-American males 
D) all of the above

Question 19

Compared to fifty years ago,the labor force participation rate of 25 - 54 year-old men has _____,the participation rate of 55 - 64 year-old men has _____,and the participation rate of men age 65 and over has _____.

Accepted Answer

A) risen; been fairly steady; risen 
B) fallen; risen; risen 
C) risen; fallen; been fairly steady 
D) been fairly steady; fallen; fallen 
A) risen; been fairly steady; risen 
B) fallen; risen; risen 
C) risen; fallen; been fairly steady 
D) been fairly steady; fallen; fallen

Question 20

Since the mid 1980s,the labor force participation rate of women has _____ and the participation rate of men has _____.

Accepted Answer

A) risen; been unchanged 
B) risen; fallen 
C) fallen; risen 
D) risen; risen 
A) risen; been unchanged 
B) risen; fallen 
C) fallen; risen 
D) risen; risen

Compared to a high-wage worker,a low-wage worker will tend to:

One of the primary reasons for the decline in the labor force participation rate of teens in the summer over the past 15 years is the:

The added-worker effect suggests that:

Research suggests that the wide-spread use of the birth control pill:

Which of the following best exemplifies the Becker substitution effect? An increase in the market wage leads a household to:

Which one of the following gives rise to a retirement-inducing substitution effect? As workers approach retirement age:

Compared to white females,the labor force participation rate of African-American females is _.Compared to white males the labor force participation rate of African-American males is _.

Most of the variations in U.S.population growth have resulted from changes in:

Which of the following is a member of the potential labor force?

Which of the following best exemplifies the Becker income effect? An increase in the market wage leads a household to:

Empirical evidence suggests that the:

Which one of the following is not predicted to increase the labor force participation rate of married women?

In Becker's model of time allocation,the difference between "goods" and "commodities" is that commodities are produced:

Which one of the following is not a plausible explanation of the observed change in the participation rate of males age 65 and older since World War II?

Compared to basic work-leisure choice model,Becker's model of time allocation:

"For married women,the substitution effect of rising wage rates has apparently outweighed the income effect." Empirical evidence suggests this statement is:

In a particular family,both spouse A and spouse B could earn $20 per hour in market work.However,spouse A has a comparative advantage in the production of home-produced goods.Becker's model of time allocation predicts that:

The relatively low labor force participation rate of African-American males may be partly explained by:

Compared to fifty years ago,the labor force participation rate of 25 - 54 year-old men has ___,the participation rate of 55 - 64 year-old men has _,and the participation rate of men age 65 and over has ___.

Since the mid 1980s,the labor force participation rate of women has _ and the participation rate of men has _.

Labor Economics: Introduction and Overview

The Theory of Individual Labor Supply

Labor Quality: Investing in Human Capital

The Demand for Labor

Wage Determination and the Allocation of Labor

Alternative Pay Schemes and Labor Efficiency

The Wage Structure

Mobility,Migration,and Efficiency

Labor Unions and Collective Bargaining

The Economic Impact of Unions

Government and the Labor Market: Employment, Expenditures, and Taxation

Government and the Labor Market: Legislation and Regulation

Labor Market Discrimination

Job Search: External and Internal

The Distribution of Personal Earnings

Labor Productivity: Wages,Prices,and Employment

Employment and Unemployment

Filters

Exam 3: Population, Participation Rates, and Hours of Work

Compared to a high-wage worker,a low-wage worker will tend to:

One of the primary reasons for the decline in the labor force participation rate of teens in the summer over the past 15 years is the:

The added-worker effect suggests that:

Research suggests that the wide-spread use of the birth control pill:

Which of the following best exemplifies the Becker substitution effect? An increase in the market wage leads a household to:

Which one of the following gives rise to a retirement-inducing substitution effect? As workers approach retirement age:

Compared to white females,the labor force participation rate of African-American females is _____.Compared to white males the labor force participation rate of African-American males is _____.

Most of the variations in U.S.population growth have resulted from changes in:

Which of the following is a member of the potential labor force?

Which of the following best exemplifies the Becker income effect? An increase in the market wage leads a household to:

Empirical evidence suggests that the:

Which one of the following is not predicted to increase the labor force participation rate of married women?

In Becker's model of time allocation,the difference between "goods" and "commodities" is that commodities are produced:

Which one of the following is not a plausible explanation of the observed change in the participation rate of males age 65 and older since World War II?

Compared to basic work-leisure choice model,Becker's model of time allocation:

"For married women,the substitution effect of rising wage rates has apparently outweighed the income effect." Empirical evidence suggests this statement is:

In a particular family,both spouse A and spouse B could earn $20 per hour in market work.However,spouse A has a comparative advantage in the production of home-produced goods.Becker's model of time allocation predicts that:

The relatively low labor force participation rate of African-American males may be partly explained by:

Compared to fifty years ago,the labor force participation rate of 25 - 54 year-old men has _____,the participation rate of 55 - 64 year-old men has _____,and the participation rate of men age 65 and over has _____.

Since the mid 1980s,the labor force participation rate of women has _____ and the participation rate of men has _____.

Labor Economics: Introduction and Overview

The Theory of Individual Labor Supply

Labor Quality: Investing in Human Capital

The Demand for Labor

Wage Determination and the Allocation of Labor

Alternative Pay Schemes and Labor Efficiency

The Wage Structure

Mobility,Migration,and Efficiency

Labor Unions and Collective Bargaining

The Economic Impact of Unions

Government and the Labor Market: Employment, Expenditures, and Taxation

Government and the Labor Market: Legislation and Regulation

Labor Market Discrimination

Job Search: External and Internal

The Distribution of Personal Earnings

Labor Productivity: Wages,Prices,and Employment

Employment and Unemployment

Filters

Compared to white females,the labor force participation rate of African-American females is _.Compared to white males the labor force participation rate of African-American males is _.

Compared to fifty years ago,the labor force participation rate of 25 - 54 year-old men has ___,the participation rate of 55 - 64 year-old men has _,and the participation rate of men age 65 and over has ___.

Since the mid 1980s,the labor force participation rate of women has _ and the participation rate of men has _.