Question 1

Structural unemployment results when the number of jobs is insufficient for the number of workers.

Accepted Answer

A) True 
 B)False

Question 2

The process by which unions and firms agree on the terms of employment is called collective bargaining.

Accepted Answer

A) True 
 B)False

Question 3

Almost half of all spells of unemployment end when the unemployed person .

Accepted Answer

leaves the

Question 4

There is no easy way for policymakers to reduce the economy's natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 5

Of the following groups, who is eligible for unemployment insurance benefits?

Accepted Answer

A)  the unemployed who quit their jobs 
B)  the unemployed who were laid off because their previous employers no longer needed their skills 
C)  the unemployed who were fired for cause 
D)  the unemployed who just entered the labor force 
A)  the unemployed who quit their jobs 
B)  the unemployed who were laid off because their previous employers no longer needed their skills 
C)  the unemployed who were fired for cause 
D)  the unemployed who just entered the labor force

Question 6

Jamarcus works part-time as a pizza delivery person in a college town. The Bureau of Labor Statistics counts Jamarcus as

Accepted Answer

A)  unemployed and in the labor force. 
B)  unemployed and not in the labor force. 
C)  employed and in the labor force. 
D)  employed and not in the labor force. 
A)  unemployed and in the labor force. 
B)  unemployed and not in the labor force. 
C)  employed and in the labor force. 
D)  employed and not in the labor force.

Question 7

Evidence from research studies by economists

Accepted Answer

A)  shows that increased unemployment benefits decrease the job search efforts of the unemployed. 
B)  shows that increased unemployment benefits have virtually no effect on the job search efforts of the unemployed. 
C)  shows that increased unemployment benefits increase the job search efforts of the unemployed. 
D)  is conflicting on what increased unemployment benefits do to the job search efforts of the unemployed. 
A)  shows that increased unemployment benefits decrease the job search efforts of the unemployed. 
B)  shows that increased unemployment benefits have virtually no effect on the job search efforts of the unemployed. 
C)  shows that increased unemployment benefits increase the job search efforts of the unemployed. 
D)  is conflicting on what increased unemployment benefits do to the job search efforts of the unemployed.

Question 8

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

Accepted Answer

A) True 
 B)False

Question 9

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes.

Accepted Answer

A) True 
 B)False

Question 10

When a minimum-wage law forces the wage to remain above the equilibrium level, the result is

Accepted Answer

A)  both a shortage of labor and a shortage of jobs. 
B)  a shortage of labor and a surplus of jobs. 
C)  a surplus of labor and a shortage of jobs. 
D)  both surplus of labor and a surplus of jobs. 
A)  both a shortage of labor and a shortage of jobs. 
B)  a shortage of labor and a surplus of jobs. 
C)  a surplus of labor and a shortage of jobs. 
D)  both surplus of labor and a surplus of jobs.

Question 11

Table 28-4
2010 Labor Data for Adults ages 16 and older) in Meditor
  
-Refer to Table 28-4. What is the adult female unemployment rate in Meditor?

Accepted Answer

A)  4.8% 
B)  5.0% 
C)  7.1% 
D)  7.7% 
A)  4.8% 
B)  5.0% 
C)  7.1% 
D)  7.7%

Question 12

Table 28-11
2010 Labor Data for Tajnia
  
-Refer to Table 28-11. The labor force of Tajnia in 2010 is 12,250.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is correct?

Accepted Answer

A)  The labor-force participation rate of women has increased in part due to smaller families. 
B)  The labor-force participation rate of men has decreased in part due to men retiring younger and living longer. 
C)  Both a and b are correct. 
D)  Neither a nor b is correct. 
A)  The labor-force participation rate of women has increased in part due to smaller families. 
B)  The labor-force participation rate of men has decreased in part due to men retiring younger and living longer. 
C)  Both a and b are correct. 
D)  Neither a nor b is correct.

Question 14

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 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)  All of the above are correct. 
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)  All of the above are correct.

Question 16

An increase in the minimum wage

Accepted Answer

A)  increases both the quantity demanded and the quantity supplied of labor. 
B)  decreases both the quantity demanded and the quantity supplied of labor. 
C)  increases the quantity of labor demanded but decreases the quantity of labor supplied. 
D)  decreases the quantity of labor demanded but increases the quantity of labor supplied. 
A)  increases both the quantity demanded and the quantity supplied of labor. 
B)  decreases both the quantity demanded and the quantity supplied of labor. 
C)  increases the quantity of labor demanded but decreases the quantity of labor supplied. 
D)  decreases the quantity of labor demanded but increases the quantity of labor supplied.

Question 17

Which of the following is a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category?

Accepted Answer

A)  The person must have worked no more than 10 hours during the past week. 
B)  The person must have tried to find employment during the previous four weeks. 
C)  The person may not have been laid off. 
D)  All of the above are correct. 
A)  The person must have worked no more than 10 hours during the past week. 
B)  The person must have tried to find employment during the previous four weeks. 
C)  The person may not have been laid off. 
D)  All of the above are correct.

Question 18

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

Accepted Answer

A)  be available for work. 
B)  have tried to find employment during the previous week. 
C)  have previously been employed. 
D)  All of the above are correct. 
A)  be available for work. 
B)  have tried to find employment during the previous week. 
C)  have previously been employed. 
D)  All of the above are correct.

Question 19

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

Accepted Answer

A)  600 households. 
B)  6,000 households. 
C)  60,000 households. 
D)  6,000,000 households. 
A)  600 households. 
B)  6,000 households. 
C)  60,000 households. 
D)  6,000,000 households.

Question 20

Which of the following is not correct?

Accepted Answer

A)  Frictional unemployment is inevitable in a dynamic economy. 
B)  Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards. 
C)  At least 10 percent of U.S. manufacturing jobs are destroyed every year. 
D)  More than 13 percent of U.S. workers leave their jobs in a typical month. 
A)  Frictional unemployment is inevitable in a dynamic economy. 
B)  Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards. 
C)  At least 10 percent of U.S. manufacturing jobs are destroyed every year. 
D)  More than 13 percent of U.S. workers leave their jobs in a typical month.

Structural unemployment results when the number of jobs is insufficient for the number of workers.

The process by which unions and firms agree on the terms of employment is called collective bargaining.

Almost half of all spells of unemployment end when the unemployed person .

There is no easy way for policymakers to reduce the economy's natural rate of unemployment.

Of the following groups, who is eligible for unemployment insurance benefits?

Jamarcus works part-time as a pizza delivery person in a college town. The Bureau of Labor Statistics counts Jamarcus as

Evidence from research studies by economists

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes.

When a minimum-wage law forces the wage to remain above the equilibrium level, the result is

Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult female unemployment rate in Meditor?

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor force of Tajnia in 2010 is 12,250.

Which of the following is correct?

Providing training for unemployed individuals is primarily intended to reduce

Unemployment data are collected

An increase in the minimum wage

Which of the following is a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category?

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

Which of the following is not correct?

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 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 Tradeoff Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

Filters

Exam 10: Unemployment and Its Natural Rate

Structural unemployment results when the number of jobs is insufficient for the number of workers.

The process by which unions and firms agree on the terms of employment is called collective bargaining.

Almost half of all spells of unemployment end when the unemployed person .

There is no easy way for policymakers to reduce the economy's natural rate of unemployment.

Of the following groups, who is eligible for unemployment insurance benefits?

Jamarcus works part-time as a pizza delivery person in a college town. The Bureau of Labor Statistics counts Jamarcus as

Evidence from research studies by economists

In an ideal labor market, wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded, ensuring that all workers are always fully employed.

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes.

When a minimum-wage law forces the wage to remain above the equilibrium level, the result is

Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult female unemployment rate in Meditor?

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor force of Tajnia in 2010 is 12,250.

Which of the following is correct?

Providing training for unemployed individuals is primarily intended to reduce

Unemployment data are collected

An increase in the minimum wage

Which of the following is a requirement for the Bureau of Labor Statistics to place someone in the "unemployed" category?

For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

Which of the following is not correct?

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 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 Tradeoff Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

Filters