Question 1

How does Statistics Canada call a person who has a temporary,part-time job?

Accepted Answer

A)  not in the labour force 
B)  unemployed 
C)  partially employed 
D)  employed 
A)  not in the labour force 
B)  unemployed 
C)  partially employed 
D)  employed

Question 2

How is Latoya,a homemaker who works as a volunteer at the local police station and is currently not looking for a job,counted?

Accepted Answer

A)  as employed and in the labour force 
B)  as unemployed and in the labour force 
C)  as unemployed and not in the labour force 
D)  as not in the labour force 
A)  as employed and in the labour force 
B)  as unemployed and in the labour force 
C)  as unemployed and not in the labour force 
D)  as not in the labour force

Question 3

Consider the following labour data compiled by a government agency:   
a.Between July 2014 and July 2015,employment has increased by 393,700 workers,but the labour force increased by only 309,100 workers.Explain the difference in these numbers.Is it possible that the increase in labour force is greater than the increase in employment?
b.During the same period,employment increased by 393,700 workers,but unemployment decreased by only 84,600.Are these data plausible? How could this difference be explained?

Accepted Answer

a.Change in labour force = Change in emp

Question 4

Curtis is a stockbroker.He has had several job offers,but he has turned them down because he thinks he can find a firm that better matches his tastes and skills.John is an accountant.He has looked for work for some time,but no accounting firms are hiring.Which of the following best describes the nature of their unemployment?

Accepted Answer

A)  John and Curtis are both frictionally unemployed. 
B)  John and Curtis are both structurally unemployed. 
C)  Curtis is frictionally unemployed,and John is structurally unemployed. 
D)  Curtis is structurally unemployed,and John is frictionally unemployed. 
A)  John and Curtis are both frictionally unemployed. 
B)  John and Curtis are both structurally unemployed. 
C)  Curtis is frictionally unemployed,and John is structurally unemployed. 
D)  Curtis is structurally unemployed,and John is frictionally unemployed.

Question 5

Which data does Statistics Canada NOT produce?

Accepted Answer

A)  monthly data on unemployment 
B)  data on types of employment 
C)  data on length of the average workweek 
D)  daily data on unemployment 
A)  monthly data on unemployment 
B)  data on types of employment 
C)  data on length of the average workweek 
D)  daily data on unemployment

Question 6

When unions raise wages in some sectors of the economy,what happens to the supply of labour in other sectors of the economy?

Accepted Answer

A)  It decreases,raising wages in industries that are not unionized. 
B)  It decreases,reducing wages in industries that are not unionized. 
C)  It increases,raising wages in industries that are not unionized. 
D)  It increases,reducing wages in industries that are not unionized. 
A)  It decreases,raising wages in industries that are not unionized. 
B)  It decreases,reducing wages in industries that are not unionized. 
C)  It increases,raising wages in industries that are not unionized. 
D)  It increases,reducing wages in industries that are not unionized.

Question 7

Which group of unemployed persons is the largest (has the highest unemployment rate)in Canada?

Accepted Answer

A)  unemployed 5 to 13 weeks 
B)  unemployed 14 to 25 weeks 
C)  unemployed 26 to 52 weeks 
D)  unemployed more than 52 weeks 
A)  unemployed 5 to 13 weeks 
B)  unemployed 14 to 25 weeks 
C)  unemployed 26 to 52 weeks 
D)  unemployed more than 52 weeks

Question 8

Frictional unemployment exists because of the time it takes for workers to search for the jobs that best suit their tastes and skills.

Accepted Answer

A) True 
 B)False

Question 9

What is characteristic of the relationship between unemployment insurance and job-search effort?

Accepted Answer

A)  Unemployment insurance raises structural unemployment because it reduces the job search of the unemployed. 
B)  Most economists are sceptical of the value of unemployment insurance because they believe that it results in a poorer match between workers and jobs. 
C)  A typical unemployed worker near the end of the time in which he or she can receive benefits increases job-search efforts. 
D)  Unemployed people need to put less job-search effort now than they did in 1971 because in 1971 the conditions to receive unemployment benefits were stricter than today. 
A)  Unemployment insurance raises structural unemployment because it reduces the job search of the unemployed. 
B)  Most economists are sceptical of the value of unemployment insurance because they believe that it results in a poorer match between workers and jobs. 
C)  A typical unemployed worker near the end of the time in which he or she can receive benefits increases job-search efforts. 
D)  Unemployed people need to put less job-search effort now than they did in 1971 because in 1971 the conditions to receive unemployment benefits were stricter than today.

Question 10

About half of all spells of unemployment end when the unemployed person leaves the labour force.

Accepted Answer

A) True 
 B)False

Question 11

Suppose that consumers decide to buy more Blu-Ray players and fewer DVD players.As a result,Blu-Ray companies expand production while DVD companies lay off workers.What is this an example of?

Accepted Answer

A)  structural unemployment created by efficiency wages 
B)  cyclical unemployment created by a recession 
C)  frictional unemployment created by a sectoral shift in demand 
D)  frictional unemployment created by a sectoral shift in supply 
A)  structural unemployment created by efficiency wages 
B)  cyclical unemployment created by a recession 
C)  frictional unemployment created by a sectoral shift in demand 
D)  frictional unemployment created by a sectoral shift in supply

Question 12

In 2014,Mark opens up a new vehicle detailing business and creates six additional jobs in his company.If net employment growth in 2014 was 2 percent,what was a likely explanation for this?

Accepted Answer

A)  the number of jobs created by new firms was less than jobs created in established firms in 2014 
B)  the number of jobs created by new firms was greater than jobs created in established firms in 2014 
C)  job creation was greater than job destruction in 2014 
D)  job creation was less than job destruction in 2014 
A)  the number of jobs created by new firms was less than jobs created in established firms in 2014 
B)  the number of jobs created by new firms was greater than jobs created in established firms in 2014 
C)  job creation was greater than job destruction in 2014 
D)  job creation was less than job destruction in 2014

Question 13

In 1914,Henry Ford began paying his workers $5 per day,about twice the going wage.As a result,turnover and absenteeism fell,and productivity and profits rose.

Accepted Answer

A) True 
 B)False

Question 14

The table below uses adjusted data for the year 2000 provided by Statistics Canada.All values are in millions.Fill in the blank entries in the table.

Accepted Answer

The following formulas should be applied

Question 15

How is the labour-force participation rate computed?

Accepted Answer

A)  as the number of adults in the labour force divided by the adult population times 100 
B)  as the number of adults in the labour force divided by the number of unemployed times 100 
C)  as the number of adults in the labour force divided by the unemployment rate times 100 
D)  as the number of adults in the labour force times the participation rate times 100 
A)  as the number of adults in the labour force divided by the adult population times 100 
B)  as the number of adults in the labour force divided by the number of unemployed times 100 
C)  as the number of adults in the labour force divided by the unemployment rate times 100 
D)  as the number of adults in the labour force times the participation rate times 100

Question 16

Typically,how much more do union members earn than similar workers who do not belong to a union?

Accepted Answer

A)  0 to 5 percent 
B)  5 to 10 percent 
C)  10 to 20 percent 
D)  20 to 30 percent 
A)  0 to 5 percent 
B)  5 to 10 percent 
C)  10 to 20 percent 
D)  20 to 30 percent

Question 17

In 2014 in Japan,based on concepts similar to those used to compute Canadian employment statistics,the unemployment rate was about 3.4 percent,the labour force participation rate was about 59 percent,and the adult population was about 127 million.How many people were employed?

Accepted Answer

A)  about 52 million 
B)  about 64 million 
C)  about 72 million 
D)  about 103 million 
A)  about 52 million 
B)  about 64 million 
C)  about 72 million 
D)  about 103 million

Question 18

Even though the difference in labour-force participation rates of males and females has narrowed,the participation rate of males remains higher.

Accepted Answer

A) True 
 B)False

Question 19

What would be the most likely effect of an increase in the world price of oil,which would create a sectoral shift?

Accepted Answer

A)  There would be a decrease in unemployment,and the decrease would be greater in a country with unemployment insurance than in one without. 
B)  There would be a decrease in unemployment,but the decrease would be smaller in a country with unemployment insurance than in one without. 
C)  There would be an increase in unemployment,and the increase would be greater in a country with unemployment insurance than in one without. 
D)  There would be an increase in unemployment,but the increase would be smaller in a country with unemployment insurance than in one without. 
A)  There would be a decrease in unemployment,and the decrease would be greater in a country with unemployment insurance than in one without. 
B)  There would be a decrease in unemployment,but the decrease would be smaller in a country with unemployment insurance than in one without. 
C)  There would be an increase in unemployment,and the increase would be greater in a country with unemployment insurance than in one without. 
D)  There would be an increase in unemployment,but the increase would be smaller in a country with unemployment insurance than in one without.

Question 20

What is the effect of minimum-wage laws on unemployment?

Accepted Answer

A)  Minimum-wage laws are the major cause of natural unemployment. 
B)  Minimum-wage laws probably increase teenage unemployment. 
C)  Minimum-wage laws mainly affect skilled workers. 
D)  Minimum-wage laws have no impact on unemployment. 
A)  Minimum-wage laws are the major cause of natural unemployment. 
B)  Minimum-wage laws probably increase teenage unemployment. 
C)  Minimum-wage laws mainly affect skilled workers. 
D)  Minimum-wage laws have no impact on unemployment.

How does Statistics Canada call a person who has a temporary,part-time job?

How is Latoya,a homemaker who works as a volunteer at the local police station and is currently not looking for a job,counted?

Which data does Statistics Canada NOT produce?

When unions raise wages in some sectors of the economy,what happens to the supply of labour in other sectors of the economy?

Which group of unemployed persons is the largest (has the highest unemployment rate)in Canada?

Frictional unemployment exists because of the time it takes for workers to search for the jobs that best suit their tastes and skills.

What is characteristic of the relationship between unemployment insurance and job-search effort?

About half of all spells of unemployment end when the unemployed person leaves the labour force.

Suppose that consumers decide to buy more Blu-Ray players and fewer DVD players.As a result,Blu-Ray companies expand production while DVD companies lay off workers.What is this an example of?

In 2014,Mark opens up a new vehicle detailing business and creates six additional jobs in his company.If net employment growth in 2014 was 2 percent,what was a likely explanation for this?

In 1914,Henry Ford began paying his workers $5 per day,about twice the going wage.As a result,turnover and absenteeism fell,and productivity and profits rose.

The table below uses adjusted data for the year 2000 provided by Statistics Canada.All values are in millions.Fill in the blank entries in the table.

How is the labour-force participation rate computed?

Typically,how much more do union members earn than similar workers who do not belong to a union?

In 2014 in Japan,based on concepts similar to those used to compute Canadian employment statistics,the unemployment rate was about 3.4 percent,the labour force participation rate was about 59 percent,and the adult population was about 127 million.How many people were employed?

Even though the difference in labour-force participation rates of males and females has narrowed,the participation rate of males remains higher.

What would be the most likely effect of an increase in the world price of oil,which would create a sectoral shift?

What is the effect of minimum-wage laws on unemployment?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, investment, and the Financial System

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Small Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Five Debates Over Macroeconomic Policy

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Exam 9: Unemployment and Its Natural Rate

How does Statistics Canada call a person who has a temporary,part-time job?

How is Latoya,a homemaker who works as a volunteer at the local police station and is currently not looking for a job,counted?

Which data does Statistics Canada NOT produce?

When unions raise wages in some sectors of the economy,what happens to the supply of labour in other sectors of the economy?

Which group of unemployed persons is the largest (has the highest unemployment rate)in Canada?

Frictional unemployment exists because of the time it takes for workers to search for the jobs that best suit their tastes and skills.

What is characteristic of the relationship between unemployment insurance and job-search effort?

About half of all spells of unemployment end when the unemployed person leaves the labour force.

Suppose that consumers decide to buy more Blu-Ray players and fewer DVD players.As a result,Blu-Ray companies expand production while DVD companies lay off workers.What is this an example of?

In 2014,Mark opens up a new vehicle detailing business and creates six additional jobs in his company.If net employment growth in 2014 was 2 percent,what was a likely explanation for this?

In 1914,Henry Ford began paying his workers $5 per day,about twice the going wage.As a result,turnover and absenteeism fell,and productivity and profits rose.

The table below uses adjusted data for the year 2000 provided by Statistics Canada.All values are in millions.Fill in the blank entries in the table.

How is the labour-force participation rate computed?

Typically,how much more do union members earn than similar workers who do not belong to a union?

In 2014 in Japan,based on concepts similar to those used to compute Canadian employment statistics,the unemployment rate was about 3.4 percent,the labour force participation rate was about 59 percent,and the adult population was about 127 million.How many people were employed?

Even though the difference in labour-force participation rates of males and females has narrowed,the participation rate of males remains higher.

What would be the most likely effect of an increase in the world price of oil,which would create a sectoral shift?

What is the effect of minimum-wage laws on unemployment?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, investment, and the Financial System

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Small Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Five Debates Over Macroeconomic Policy

Filters