Question 1

Research by Hamermesh and Lee suggests that:

Accepted Answer

A) high income earners would be happier if they earned less 
B) less than 10% of U.S.married couples report feeling stressed for time 
C) although Germans work fewer hours than the Japanese,they report more time stress 
D) all else constant,higher earnings lead to greater time stress 
A) high income earners would be happier if they earned less 
B) less than 10% of U.S.married couples report feeling stressed for time 
C) although Germans work fewer hours than the Japanese,they report more time stress 
D) all else constant,higher earnings lead to greater time stress

Question 2

Until recently,the labor force participation rate of African-American women has _____ the rate of white women.In recent years the labor force participation rate of African-American men has _____ the rate of white men.

Accepted Answer

A) been slightly less than; consistently exceeded 
B) consistently exceeded; been slightly less than 
C) consistently exceeded; consistently exceeded 
D) been slightly less than; been slightly less than 
A) been slightly less than; consistently exceeded 
B) consistently exceeded; been slightly less than 
C) consistently exceeded; consistently exceeded 
D) been slightly less than; been slightly less than

Question 3

If U represents the number of unemployed persons,E the number of unemployed persons,and N the number in the potential labor force that are neither unemployed nor employed,the labor force participation rate can be found as:

Accepted Answer

A) U + E 
B) E/(U + 
E)  
C)  (U + 
E) /(E + N) 
D)  (U + 
E) /(U + E + N) 
A) U + E 
B) E/(U + 
E)  
C)  (U + 
E) /(E + N) 
D)  (U + 
E) /(U + E + N)

Question 4

If a worker's wage rate rises:

Accepted Answer

A) household production will shift away from goods-intensive commodities towards time-intensive commodities 
B) household production will shift away from time-intensive commodities towards goods-intensive commodities 
C) more leisure time will be consumed 
D) more leisure time will be consumed if the substitution effect outweighs the income effect 
A) household production will shift away from goods-intensive commodities towards time-intensive commodities 
B) household production will shift away from time-intensive commodities towards goods-intensive commodities 
C) more leisure time will be consumed 
D) more leisure time will be consumed if the substitution effect outweighs the income effect

Question 5

The discouraged-worker effect indicates that:

Accepted Answer

A) married women will enter the labor force to maintain household living standards after their husbands' wages have fallen 
B) some unemployed persons in the labor force actively seek employment 
C) some unemployed workers will decide to withdraw from the labor force as the unemployment rate increases 
D) the labor force participation rate varies directly with the unemployment rate 
A) married women will enter the labor force to maintain household living standards after their husbands' wages have fallen 
B) some unemployed persons in the labor force actively seek employment 
C) some unemployed workers will decide to withdraw from the labor force as the unemployment rate increases 
D) the labor force participation rate varies directly with the unemployment rate

Question 6

In the mid-1950s,white males:

Accepted Answer

A) were more likely to participate in the labor force than were African-American males 
B) were less likely to participate in the labor force than were African-American males 
C) and African-American males were about equally likely to participate in the labor force and that relationship still holds 
D) and African-American males were about equally likely to participate in the labor force but now white men have a higher participation rate 
A) were more likely to participate in the labor force than were African-American males 
B) were less likely to participate in the labor force than were African-American males 
C) and African-American males were about equally likely to participate in the labor force and that relationship still holds 
D) and African-American males were about equally likely to participate in the labor force but now white men have a higher participation rate

Question 7

All else equal,rising real wages will:

Accepted Answer

A) decrease average weekly work hours if the income effect exceeds the substitution effect 
B) increase average weekly work hours if the income effect exceeds the substitution effect 
C) decrease average weekly work hours if the substitution effect exceeds the income effect 
D) have no impact on average weekly work hours 
A) decrease average weekly work hours if the income effect exceeds the substitution effect 
B) increase average weekly work hours if the income effect exceeds the substitution effect 
C) decrease average weekly work hours if the substitution effect exceeds the income effect 
D) have no impact on average weekly work hours

Question 8

Males in the labor force 100 million Unemployed males 5 million
Non-institutionalized females,age 16 and over 110 million
Employed or unemployed females 88 million
Given the information in the table above,the male labor force participation rate _____ and the female labor force participation rate _____.

Accepted Answer

A) is 95%; is 80% 
B) is 95%; is 88% 
C) cannot be calculated from the data; is 80% 
D) cannot be calculated from the data; cannot be calculated from the data 
A) is 95%; is 80% 
B) is 95%; is 88% 
C) cannot be calculated from the data; is 80% 
D) cannot be calculated from the data; cannot be calculated from the data

Question 9

Cross-sectional data suggest that all else equal:

Accepted Answer

A) the male labor force participation rate varies inversely with education 
B) the labor force participation rate of single women varies inversely with the reservation wage 
C) the labor force participation rate of married men varies inversely with the number of children in the household 
D) the labor force participation rate of married women varies inversely with the husband's income 
A) the male labor force participation rate varies inversely with education 
B) the labor force participation rate of single women varies inversely with the reservation wage 
C) the labor force participation rate of married men varies inversely with the number of children in the household 
D) the labor force participation rate of married women varies inversely with the husband's income

Question 10

A "supply side" explanation of the lower participation rate of African-American males compared to white males is that:

Accepted Answer

A) African-Americans command lower wage rates and are usually last-hired and first-fired 
B) African-American workers are located in the inner city while jobs are in the suburbs 
C) African-American women's labor force participation rate is lower than that of white women 
D) opportunities outside the labor market,such as Social Security and public assistance,afford comparatively more attractive alternatives to African-Americans 
A) African-Americans command lower wage rates and are usually last-hired and first-fired 
B) African-American workers are located in the inner city while jobs are in the suburbs 
C) African-American women's labor force participation rate is lower than that of white women 
D) opportunities outside the labor market,such as Social Security and public assistance,afford comparatively more attractive alternatives to African-Americans

Question 11

Given the following data,what is the labor force participation rate? Population 300 million
Non-institutionalized population,age 16 and over 250 million
Persons employed or seeking employment 200 million
Unemployed persons 10 million

Accepted Answer

A) 10% 
B) 75% 
C) 80% 
D) 84% 
A) 10% 
B) 75% 
C) 80% 
D) 84%

Question 12

Which one of the following statements is correct?

Accepted Answer

A) The added-worker effect and the discouraged-worker effect operate in the same direction 
B) The added-worker effect and the discouraged-worker effect operate in different directions 
C) The added-worker effect is relatively strong as the economy expands and wages rise 
D) The discouraged-worker effect is relatively strong as the economy expands and wages rise 
A) The added-worker effect and the discouraged-worker effect operate in the same direction 
B) The added-worker effect and the discouraged-worker effect operate in different directions 
C) The added-worker effect is relatively strong as the economy expands and wages rise 
D) The discouraged-worker effect is relatively strong as the economy expands and wages rise

Question 13

Which one of the following will tend to increase the likelihood of participation in the labor force for a current non-participant?

Accepted Answer

A) A decrease in the spouse's wage 
B) An increase in the spouse's wage 
C) An increase in family size 
D) Falling productivity in household production of commodities 
A) A decrease in the spouse's wage 
B) An increase in the spouse's wage 
C) An increase in family size 
D) Falling productivity in household production of commodities

Question 14

Given the following data,what is the labor force participation rate? Population 100 million
Non-institutionalized population,age 16 and over 75 million
Persons employed or seeking employment 50 million
Unemployed persons 5 million

Accepted Answer

A) 50% 
B) 67% 
C) 75% 
D) 80% 
A) 50% 
B) 67% 
C) 75% 
D) 80%

Question 15

The labor force participation rate:

Accepted Answer

A) is the fraction of a given population that is classified as employed 
B) has been rising for males and declining for females 
C) tends to increase during a recession 
D) is the fraction of a given population that is classified either as employed or unemployed 
A) is the fraction of a given population that is classified as employed 
B) has been rising for males and declining for females 
C) tends to increase during a recession 
D) is the fraction of a given population that is classified either as employed or unemployed

Question 16

A household will tend to substitute goods for time in the production of commodities if:

Accepted Answer

A) a household member's market wage increases 
B) a household member's market wage decreases 
C) the substitution effect of a wage decrease exceeds the income effect 
D) the household's total income decreases 
A) a household member's market wage increases 
B) a household member's market wage decreases 
C) the substitution effect of a wage decrease exceeds the income effect 
D) the household's total income decreases

Question 17

The labor force consists of all persons age 16 years and over who are:

Accepted Answer

A) employed 
B) employed or are actively seeking employment 
C) employed,actively seeking employment,or have given up looking for employment 
D) not institutionalized 
A) employed 
B) employed or are actively seeking employment 
C) employed,actively seeking employment,or have given up looking for employment 
D) not institutionalized

Question 18

Since 1950,the labor force participation rate of white women has:

Accepted Answer

A) increased until it nearly equals that of African-American women 
B) fallen until it nearly equals that of African-American women 
C) increased and now significantly exceeds that of African-American women 
D) been steady since World War II 
A) increased until it nearly equals that of African-American women 
B) fallen until it nearly equals that of African-American women 
C) increased and now significantly exceeds that of African-American women 
D) been steady since World War II

Question 19

Because of the _____,the unemployment rate as measured by the Bureau of Labor Statistics tends to understate the extent of unemployment during a recession.

Accepted Answer

A) counter-cyclical labor force participation rate 
B) added-worker effect 
C) decline in the average workweek 
D) discouraged-worker effect 
A) counter-cyclical labor force participation rate 
B) added-worker effect 
C) decline in the average workweek 
D) discouraged-worker effect

Question 20

Fuchs' research suggests the most important reasons for the increased labor force participation rate of women are:

Accepted Answer

A) rising real wages and expansion of service sector jobs 
B) rising real wages and the feminist movement 
C) the feminist movement and passage of antidiscrimination legislation 
D) passage of antidiscrimination legislation and technological innovations in household production methods 
A) rising real wages and expansion of service sector jobs 
B) rising real wages and the feminist movement 
C) the feminist movement and passage of antidiscrimination legislation 
D) passage of antidiscrimination legislation and technological innovations in household production methods

Research by Hamermesh and Lee suggests that:

Until recently,the labor force participation rate of African-American women has _ the rate of white women.In recent years the labor force participation rate of African-American men has _ the rate of white men.

If U represents the number of unemployed persons,E the number of unemployed persons,and N the number in the potential labor force that are neither unemployed nor employed,the labor force participation rate can be found as:

If a worker's wage rate rises:

The discouraged-worker effect indicates that:

In the mid-1950s,white males:

All else equal,rising real wages will:

Males in the labor force 100 million Unemployed males 5 million Non-institutionalized females,age 16 and over 110 million Employed or unemployed females 88 million Given the information in the table above,the male labor force participation rate _ and the female labor force participation rate _.

Cross-sectional data suggest that all else equal:

A "supply side" explanation of the lower participation rate of African-American males compared to white males is that:

Given the following data,what is the labor force participation rate? Population 300 million Non-institutionalized population,age 16 and over 250 million Persons employed or seeking employment 200 million Unemployed persons 10 million

Which one of the following statements is correct?

Which one of the following will tend to increase the likelihood of participation in the labor force for a current non-participant?

Given the following data,what is the labor force participation rate? Population 100 million Non-institutionalized population,age 16 and over 75 million Persons employed or seeking employment 50 million Unemployed persons 5 million

The labor force participation rate:

A household will tend to substitute goods for time in the production of commodities if:

The labor force consists of all persons age 16 years and over who are:

Since 1950,the labor force participation rate of white women has:

Because of the _____,the unemployment rate as measured by the Bureau of Labor Statistics tends to understate the extent of unemployment during a recession.

Fuchs' research suggests the most important reasons for the increased labor force participation rate of women are:

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

Research by Hamermesh and Lee suggests that:

Until recently,the labor force participation rate of African-American women has _____ the rate of white women.In recent years the labor force participation rate of African-American men has _____ the rate of white men.

If U represents the number of unemployed persons,E the number of unemployed persons,and N the number in the potential labor force that are neither unemployed nor employed,the labor force participation rate can be found as:

If a worker's wage rate rises:

The discouraged-worker effect indicates that:

In the mid-1950s,white males:

All else equal,rising real wages will:

Cross-sectional data suggest that all else equal:

A "supply side" explanation of the lower participation rate of African-American males compared to white males is that:

Given the following data,what is the labor force participation rate? Population 300 million Non-institutionalized population,age 16 and over 250 million Persons employed or seeking employment 200 million Unemployed persons 10 million

Which one of the following statements is correct?

Which one of the following will tend to increase the likelihood of participation in the labor force for a current non-participant?

Given the following data,what is the labor force participation rate? Population 100 million Non-institutionalized population,age 16 and over 75 million Persons employed or seeking employment 50 million Unemployed persons 5 million

The labor force participation rate:

A household will tend to substitute goods for time in the production of commodities if:

The labor force consists of all persons age 16 years and over who are:

Since 1950,the labor force participation rate of white women has:

Because of the _____,the unemployment rate as measured by the Bureau of Labor Statistics tends to understate the extent of unemployment during a recession.

Fuchs' research suggests the most important reasons for the increased labor force participation rate of women are:

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

Until recently,the labor force participation rate of African-American women has _ the rate of white women.In recent years the labor force participation rate of African-American men has _ the rate of white men.