Question 1

The Bureau of Labor Statistics' U­2 measure of joblessness includes job losers and job leavers.

Accepted Answer

A) True 
 B)False

Question 2

A union is a type of cartel.

Accepted Answer

A) True 
 B)False

Question 3

Table 28-2
Labor Data for Aridia
  
-Refer to Table 28-2. The unemployment rate of Aridia

Accepted Answer

A)  increased both from 2010 to 2011 and from 2011 to 2012. 
B)  increased from 2010 to 2011 but decreased from 2011 to 2012. 
C)  decreased from 2010 to 2011 but increased from 2011 to 2012. 
D)  decreased both from 2010 to 2011 and from 2011 to 2012. 
A)  increased both from 2010 to 2011 and from 2011 to 2012. 
B)  increased from 2010 to 2011 but decreased from 2011 to 2012. 
C)  decreased from 2010 to 2011 but increased from 2011 to 2012. 
D)  decreased both from 2010 to 2011 and from 2011 to 2012.

Question 4

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54) had the highest unemployment rate?

Accepted Answer

A)  white males 
B)  white females 
C)  black males 
D)  black females 
A)  white males 
B)  white females 
C)  black males 
D)  black females

Question 5

Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate?

Accepted Answer

A)  6.25% 
B)  8.3% 
C)  9.1% 
D)  18.75% 
A)  6.25% 
B)  8.3% 
C)  9.1% 
D)  18.75%

Question 6

Which of the following is not correct?

Accepted Answer

A)  A union is a worker association that bargains with employers over wages, benefits, and working conditions. 
B)  Unions play a much larger role in the U.S. labor market now than they did in the past. 
C)  Unions play a large role in many European countries. 
D)  A union is a type of cartel. 
A)  A union is a worker association that bargains with employers over wages, benefits, and working conditions. 
B)  Unions play a much larger role in the U.S. labor market now than they did in the past. 
C)  Unions play a large role in many European countries. 
D)  A union is a type of cartel.

Question 7

The main explanation for the lower growth rate for the American economy in the 21st century compared to the previous 250 years is

Accepted Answer

A)  higher minimum wages. 
B)  that although Americans are working more, they are more distracted by technology and therefore are less productive at work. 
C)  that Americans are working less. 
D)  the increasing labor-force participation rates of women with young children. 
A)  higher minimum wages. 
B)  that although Americans are working more, they are more distracted by technology and therefore are less productive at work. 
C)  that Americans are working less. 
D)  the increasing labor-force participation rates of women with young children.

Question 8

Measuring the amount of unemployment in the economy is a straightforward task.

Accepted Answer

A) True 
 B)False

Question 9

Table 28-7
Below is data about the labor market in the city of Productionville.
  
-Refer to Table 28-7. If the local government imposed a minimum wage of $6 in Productionville, how many people would be unemployed?

Accepted Answer

A)  0 
B)  2,000 
C)  3,000 
D)  5,000 
A)  0 
B)  2,000 
C)  3,000 
D)  5,000

Question 10

Table 28-3
2009 Labor Data for Baltivia
  
-Refer to Table 28-3. How many adults were not in Baltivia's labor force in 2009?

Accepted Answer

A)  4,400 
B)  6,620 
C)  7,400 
D)  8,690 
A)  4,400 
B)  6,620 
C)  7,400 
D)  8,690

Question 11

Table 28-11
2010 Labor Data for Tajnia
  
-Refer to Table 28-11. The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.

Accepted Answer

A) True 
 B)False

Question 12

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

Accepted Answer

A) True 
 B)False

Question 13

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is among the four industries with the largest employment in the United States today?

Accepted Answer

A)  lumber 
B)  men's clothing 
C)  communications 
D)  cotton goods 
A)  lumber 
B)  men's clothing 
C)  communications 
D)  cotton goods

Question 15

In the 1990's Ireland made unemployment benefits less generous. This change would likely have reduced

Accepted Answer

A)  both structural unemployment and the natural rate of unemployment. 
B)  structural unemployment but not the natural rate of unemployment. 
C)  both frictional unemployment and the natural rate of unemployment. 
D)  frictional unemployment but not the natural rate of unemployment. 
A)  both structural unemployment and the natural rate of unemployment. 
B)  structural unemployment but not the natural rate of unemployment. 
C)  both frictional unemployment and the natural rate of unemployment. 
D)  frictional unemployment but not the natural rate of unemployment.

Question 16

According to 2012 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?

Accepted Answer

A)  Black males had higher labor-force participation rates and lower unemployment rates compared to white males. 
B)  Black males had both higher labor-force participation rates and higher unemployment rates compared to white males. 
C)  Black males had both lower labor-force participation rates and lower unemployment rates compared to white males. 
D)  Black males had lower labor-force participation rates and higher unemployment rates compared to white males. 
A)  Black males had higher labor-force participation rates and lower unemployment rates compared to white males. 
B)  Black males had both higher labor-force participation rates and higher unemployment rates compared to white males. 
C)  Black males had both lower labor-force participation rates and lower unemployment rates compared to white males. 
D)  Black males had lower labor-force participation rates and higher unemployment rates compared to white males.

Question 17

Minimum-wage laws

Accepted Answer

A)  create unemployment. 
B)  do not apply in states with right-to-work laws. 
C)  affect highly-educated workers more than high school dropouts. 
D)  cause labor shortages, which further raise wages above equilibrium. 
A)  create unemployment. 
B)  do not apply in states with right-to-work laws. 
C)  affect highly-educated workers more than high school dropouts. 
D)  cause labor shortages, which further raise wages above equilibrium.

Question 18

Rafael is the newly­appointed plant manager for a company that manufactures head phones. Rafael's senior supervisors told him that the output the firm produces, given the number of workers employed, indicates that some workers may be shirking. According to efficiency wage theory, what should he do?

Accepted Answer

A)  pay all workers more than the equilibrium wage rate 
B)  pay all workers below the equilibrium wage rate to make up for the loss from shirking 
C)  make sure that workers are getting paid exactly the equilibrium wage rate 
D)  fire the workers with the most seniority 
A)  pay all workers more than the equilibrium wage rate 
B)  pay all workers below the equilibrium wage rate to make up for the loss from shirking 
C)  make sure that workers are getting paid exactly the equilibrium wage rate 
D)  fire the workers with the most seniority

Question 19

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54) had the highest labor-force participation rate?

Accepted Answer

A)  white males 
B)  white females 
C)  black males 
D)  black females 
A)  white males 
B)  white females 
C)  black males 
D)  black females

Question 20

Why have labor-force participation rates for women in the United States increased since World War II while labor- force participation rates for men have decreased?

Accepted Answer

Causes of the increase in the U.S. women

The Bureau of Labor Statistics' U2 measure of joblessness includes job losers and job leavers.

A union is a type of cartel.

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The unemployment rate of Aridia

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54) had the highest unemployment rate?

Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate?

Which of the following is not correct?

The main explanation for the lower growth rate for the American economy in the 21st century compared to the previous 250 years is

Measuring the amount of unemployment in the economy is a straightforward task.

Table 28-7 Below is data about the labor market in the city of Productionville. -Refer to Table 28-7. If the local government imposed a minimum wage of $6 in Productionville, how many people would be unemployed?

Table 28-3 2009 Labor Data for Baltivia -Refer to Table 28-3. How many adults were not in Baltivia's labor force in 2009?

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.

Which of the following is among the four industries with the largest employment in the United States today?

In the 1990's Ireland made unemployment benefits less generous. This change would likely have reduced

According to 2012 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?

Minimum-wage laws

Rafael is the newlyappointed plant manager for a company that manufactures head phones. Rafael's senior supervisors told him that the output the firm produces, given the number of workers employed, indicates that some workers may be shirking. According to efficiency wage theory, what should he do?

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54) had the highest labor-force participation rate?

Why have labor-force participation rates for women in the United States increased since World War II while labor- force participation rates for men have decreased?

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

The Bureau of Labor Statistics' U­2 measure of joblessness includes job losers and job leavers.

A union is a type of cartel.

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The unemployment rate of Aridia

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54) had the highest unemployment rate?

Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate?

Which of the following is not correct?

The main explanation for the lower growth rate for the American economy in the 21st century compared to the previous 250 years is

Measuring the amount of unemployment in the economy is a straightforward task.

Table 28-7 Below is data about the labor market in the city of Productionville. -Refer to Table 28-7. If the local government imposed a minimum wage of $6 in Productionville, how many people would be unemployed?

Table 28-3 2009 Labor Data for Baltivia -Refer to Table 28-3. How many adults were not in Baltivia's labor force in 2009?

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.

Which of the following is among the four industries with the largest employment in the United States today?

In the 1990's Ireland made unemployment benefits less generous. This change would likely have reduced

According to 2012 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?

Minimum-wage laws

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54) had the highest labor-force participation rate?

Why have labor-force participation rates for women in the United States increased since World War II while labor- force participation rates for men have decreased?

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

The Bureau of Labor Statistics' U2 measure of joblessness includes job losers and job leavers.