Question 1

The United States has more extensive employment protection laws than Western Europe.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is the best example of cyclical unemployment?

Accepted Answer

A)  John is a house painter in northern Michigan.During the winter months,John is unemployed. 
B)  Heather recently graduated with her doctorate in economics.She is searching for a job that matches her skills. 
C)  Peter,a highly skilled construction worker,lost his job when the recession began.He is looking for work,but demand in the construction industry is still low. 
D)  Allison,a recent high school graduate with high aspirations,is seeking a job as the CEO of a Fortune 500 company. 
A)  John is a house painter in northern Michigan.During the winter months,John is unemployed. 
B)  Heather recently graduated with her doctorate in economics.She is searching for a job that matches her skills. 
C)  Peter,a highly skilled construction worker,lost his job when the recession began.He is looking for work,but demand in the construction industry is still low. 
D)  Allison,a recent high school graduate with high aspirations,is seeking a job as the CEO of a Fortune 500 company.

Question 3

Long-lasting unemployment benefits tend to:

Accepted Answer

A)  increase the rate of structural unemployment. 
B)  decrease the rate of structural unemployment. 
C)  increase the rate of frictional unemployment. 
D)  decrease the rate of frictional unemployment. 
A)  increase the rate of structural unemployment. 
B)  decrease the rate of structural unemployment. 
C)  increase the rate of frictional unemployment. 
D)  decrease the rate of frictional unemployment.

Question 4

The most likely influence of the Internet on the rate of frictional unemployment has been to:

Accepted Answer

A)  raise it. 
B)  lower it. 
C)  have no effect on it. 
D)  have an unpredictable effect on it. 
A)  raise it. 
B)  lower it. 
C)  have no effect on it. 
D)  have an unpredictable effect on it.

Question 5

Increases in the minimum wage are an effective way to increase employment and living standards for low-income households.

Accepted Answer

A) True 
 B)False

Question 6

Discouraged workers are workers who have:

Accepted Answer

A)  given up looking for work but would still like a job. 
B)  given up looking for work and are not available for work. 
C)  not given up looking for work but are not available for work. 
D)  not given up looking for work and still would like a job. 
A)  given up looking for work but would still like a job. 
B)  given up looking for work and are not available for work. 
C)  not given up looking for work but are not available for work. 
D)  not given up looking for work and still would like a job.

The United States has more extensive employment protection laws than Western Europe.

Which of the following is the best example of cyclical unemployment?

Long-lasting unemployment benefits tend to:

The most likely influence of the Internet on the rate of frictional unemployment has been to:

Increases in the minimum wage are an effective way to increase employment and living standards for low-income households.

Discouraged workers are workers who have:

The Big Ideas

The Power of Trade

Supply and Demand

Equilibrium- How Supply and Demand

Price Ceilings and Floors

GDP and the Measurement of Progress

The Wealth of Nations and Economic Growth

Growth,capital Accumulation

Saving,investment,and the Financial System

Stock Markets and Personal Finance

Inflation and the Quantity Theory of Money

Business Fluctuations

Transmission and Amplification Mechanisms

The Federal Reserve System

Monetary Policy

The Federal Budget- Taxes and Spending

Fiscal Policy

International Trade

International Finance

Political Economy and Public Choice

Filters

Exam 11: Unemployment and Labor Force Participation

The United States has more extensive employment protection laws than Western Europe.

Which of the following is the best example of cyclical unemployment?

Long-lasting unemployment benefits tend to:

The most likely influence of the Internet on the rate of frictional unemployment has been to:

Increases in the minimum wage are an effective way to increase employment and living standards for low-income households.

Discouraged workers are workers who have:

The Big Ideas

The Power of Trade

Supply and Demand

Equilibrium- How Supply and Demand

Price Ceilings and Floors

GDP and the Measurement of Progress

The Wealth of Nations and Economic Growth

Growth,capital Accumulation

Saving,investment,and the Financial System

Stock Markets and Personal Finance

Inflation and the Quantity Theory of Money

Business Fluctuations

Transmission and Amplification Mechanisms

The Federal Reserve System

Monetary Policy

The Federal Budget- Taxes and Spending

Fiscal Policy

International Trade

International Finance

Political Economy and Public Choice

Filters