Question 1

Every adult who was not employed during the previous four weeks is included in the Bureau of Labor Statistics' "unemployed" category.

Accepted Answer

A) True 
 B)False

Question 2

Table 28-11
2010 Labor Data for Tajnia
  
-Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Accepted Answer

A) True 
 B)False

Question 3

In the U.S., the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Accepted Answer

A) True 
 B)False

Question 4

Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A)  40 million 
B)  70 million 
C)  100 million 
D)  105 million 
A)  40 million 
B)  70 million 
C)  100 million 
D)  105 million

Question 6

Jenna is searching for a job that suits her tastes about where to live. Mary is looking for a job that makes best use of her skills.

Accepted Answer

A)  Jenna and Mary are both frictionally unemployed. 
B)  Jenna and Mary are both structurally unemployed. 
C)  Jenna is frictionally unemployed, and Mary is structurally unemployed. 
D)  Jenna is structurally unemployed, and Mary is frictionally unemployed. 
A)  Jenna and Mary are both frictionally unemployed. 
B)  Jenna and Mary are both structurally unemployed. 
C)  Jenna is frictionally unemployed, and Mary is structurally unemployed. 
D)  Jenna is structurally unemployed, and Mary is frictionally unemployed.

Question 7

The unemployment rate is computed as the number of unemployed

Accepted Answer

A)  divided by the labor force, all times 100. 
B)  divided by the number of employed, all times 100. 
C)  divided by the adult population, all times 100. 
D)  times the labor-force participation rate, all times 100. 
A)  divided by the labor force, all times 100. 
B)  divided by the number of employed, all times 100. 
C)  divided by the adult population, all times 100. 
D)  times the labor-force participation rate, all times 100.

Question 8

Table 28-10
The table below lists the number of people by labor force classification for the country of Springfield.
  
-Refer to Table 28-10. Calculate the number in the labor force, and the unemployment rate.

Accepted Answer

The labor force is 9

Question 9

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate is

Accepted Answer

A)  always zero. 
B)  sometimes zero. 
C)  rarely zero. 
D)  never zero. 
A)  always zero. 
B)  sometimes zero. 
C)  rarely zero. 
D)  never zero.

Question 10

Table 28-8
Below is data about the labor market in the state of Northwoods.
  
-Refer to Table 28-8. If the state government imposed a minimum wage of $8, how many people would be unemployed?

Accepted Answer

A)  0 
B)  10,000 
C)  20,000 
D)  40,000 
A)  0 
B)  10,000 
C)  20,000 
D)  40,000

Question 11

Which of the following is correct?

Accepted Answer

A)  In unionized industries, wages are below the level that would prevail in competitive markets. 
B)  The introduction of a union in an industry reduces the quantity of labor demanded in that industry, causes some workers in that industry to be unemployed, and reduces wages in the rest of the economy. 
C)  There is a strong consensus among economists that unions are bad for the U.S. economy. 
D)  All of the above are correct. 
A)  In unionized industries, wages are below the level that would prevail in competitive markets. 
B)  The introduction of a union in an industry reduces the quantity of labor demanded in that industry, causes some workers in that industry to be unemployed, and reduces wages in the rest of the economy. 
C)  There is a strong consensus among economists that unions are bad for the U.S. economy. 
D)  All of the above are correct.

Question 12

Three possible reasons for an above-equilibrium wage are minimum-wage laws, unions, and efficiency wages.

Accepted Answer

A) True 
 B)False

Question 13

Table 28-2
Labor Data for Aridia
  
-Refer to Table 28-2. The number of adults not in the labor force 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 14

Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change in consumer tastes, the demand for hard-wood-flooring factory workers in North Carolina increases, while the demand for carpet factory workers in Georgia decreases. This is an example of

Accepted Answer

A)  frictional unemployment created by efficiency wages. 
B)  structural unemployment created by efficiency wages. 
C)  frictional unemployment created by sectoral shifts. 
D)  structural unemployment created by sectoral shifts. 
A)  frictional unemployment created by efficiency wages. 
B)  structural unemployment created by efficiency wages. 
C)  frictional unemployment created by sectoral shifts. 
D)  structural unemployment created by sectoral shifts.

Question 15

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households, called the Current Population Survey.

Accepted Answer

A) True 
 B)False

Question 16

When a union raises the wage above the equilibrium level,

Accepted Answer

A)  both the quantity of labor supplied and unemployment rise. 
B)  both the quantity of labor supplied and unemployment fall. 
C)  the quantity of labor supplied rises and unemployment falls. 
D)  the quantity of labor supplied falls and unemployment rises. 
A)  both the quantity of labor supplied and unemployment rise. 
B)  both the quantity of labor supplied and unemployment fall. 
C)  the quantity of labor supplied rises and unemployment falls. 
D)  the quantity of labor supplied falls and unemployment rises.

Question 17

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

Accepted Answer

A)  3.7% 
B)  5.0% 
C)  5.6% 
D)  5.9% 
A)  3.7% 
B)  5.0% 
C)  5.6% 
D)  5.9%

Question 18

If an unemployed person quits looking for work, then, eventually the unemployment rate

Accepted Answer

A)  decreases, and the labor-force participation rate is unaffected. 
B)  and the labor-force participation rate both decrease. 
C)  is unaffected, and the labor-force participation rate decreases. 
D)  and the labor-force participation rate are both unaffected. 
A)  decreases, and the labor-force participation rate is unaffected. 
B)  and the labor-force participation rate both decrease. 
C)  is unaffected, and the labor-force participation rate decreases. 
D)  and the labor-force participation rate are both unaffected.

Question 19

Unions

Accepted Answer

A)  and firms paying wages above equilibrium to improve worker effort both create frictional unemployment. 
B)  creates frictional unemployment, while firms paying wages above equilibrium to improve worker effort creates structural unemployment. 
C)  creates structural unemployment, while firms paying wages above equilibrium to improve worker effort creates frictional unemployment. 
D)  and firms paying wages above equilibrium to improve worker effort both create structural unemployment. 
A)  and firms paying wages above equilibrium to improve worker effort both create frictional unemployment. 
B)  creates frictional unemployment, while firms paying wages above equilibrium to improve worker effort creates structural unemployment. 
C)  creates structural unemployment, while firms paying wages above equilibrium to improve worker effort creates frictional unemployment. 
D)  and firms paying wages above equilibrium to improve worker effort both create structural unemployment.

Question 20

The growth rate for the American economy is

Accepted Answer

A)  lower in the 21st century than for the previous 250 years. 
B)  higher in the 21st century than for the previous 250 years and increasing rapidly. 
C)  higher in the 21st century than for the previous 250 years but increasing slowly. 
D)  approximately equal in the 21st century and in the previous 250 years. 
A)  lower in the 21st century than for the previous 250 years. 
B)  higher in the 21st century than for the previous 250 years and increasing rapidly. 
C)  higher in the 21st century than for the previous 250 years but increasing slowly. 
D)  approximately equal in the 21st century and in the previous 250 years.

Every adult who was not employed during the previous four weeks is included in the Bureau of Labor Statistics' "unemployed" category.

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

In the U.S., the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.

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

Jenna is searching for a job that suits her tastes about where to live. Mary is looking for a job that makes best use of her skills.

The unemployment rate is computed as the number of unemployed

Table 28-10 The table below lists the number of people by labor force classification for the country of Springfield. -Refer to Table 28-10. Calculate the number in the labor force, and the unemployment rate.

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate is

Table 28-8 Below is data about the labor market in the state of Northwoods. -Refer to Table 28-8. If the state government imposed a minimum wage of $8, how many people would be unemployed?

Which of the following is correct?

Three possible reasons for an above-equilibrium wage are minimum-wage laws, unions, and efficiency wages.

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The number of adults not in the labor force of Aridia

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households, called the Current Population Survey.

When a union raises the wage above the equilibrium level,

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

If an unemployed person quits looking for work, then, eventually the unemployment rate

Unions

The growth rate for the American economy is

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

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Exam 10: Unemployment and Its Natural Rate

Every adult who was not employed during the previous four weeks is included in the Bureau of Labor Statistics' "unemployed" category.

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 18.4 percent.

In the U.S., the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.

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

Jenna is searching for a job that suits her tastes about where to live. Mary is looking for a job that makes best use of her skills.

The unemployment rate is computed as the number of unemployed

Table 28-10 The table below lists the number of people by labor force classification for the country of Springfield. -Refer to Table 28-10. Calculate the number in the labor force, and the unemployment rate.

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate is

Table 28-8 Below is data about the labor market in the state of Northwoods. -Refer to Table 28-8. If the state government imposed a minimum wage of $8, how many people would be unemployed?

Which of the following is correct?

Three possible reasons for an above-equilibrium wage are minimum-wage laws, unions, and efficiency wages.

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The number of adults not in the labor force of Aridia

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households, called the Current Population Survey.

When a union raises the wage above the equilibrium level,

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

If an unemployed person quits looking for work, then, eventually the unemployment rate

Unions

The growth rate for the American economy is

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