Question 1

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 2

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 3

In terms of duration, how does cyclical unemployment differ from structural unemployment?

Accepted Answer

Cyclical unemploymen

Question 4

A firm may pay efficiency wages in an attempt to

Accepted Answer

A)  reduce incentives to shirk. 
B)  reduce turnover. 
C)  attract a well-qualified pool of applicants. 
D)  All of the above are correct. 
A)  reduce incentives to shirk. 
B)  reduce turnover. 
C)  attract a well-qualified pool of applicants. 
D)  All of the above are correct.

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Figure 28-4  
-Refer to Figure 28-4. If the government imposes a minimum wage of $5, how many workers will be unemployed?

Accepted Answer

A)  0 
B)  2,000 
C)  4,000 
D)  6,000 
A)  0 
B)  2,000 
C)  4,000 
D)  6,000

Question 7

The Bureau of Labor Statistics' household survey and establishment survey both yield the same results about total employment.

Accepted Answer

A) True 
 B)False

Question 8

The Bureau of Labor Statistics divides the adult population into two categories: those who are employed and those who are unemployed.

Accepted Answer

A) True 
 B)False

Question 9

The invention of the telegraph led to the loss of jobs for those who had delivered mail by horse but created jobs for telegraph operators and delivery persons. This is an example of

Accepted Answer

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

Question 10

The labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market.

Accepted Answer

A) True 
 B)False

Question 11

Table 28-11
2010 Labor Data for Tajnia
  
-Refer to Table 28-11. The total adult population of Tajnia in 2010 is 30,000.

Accepted Answer

A) True 
 B)False

Question 12

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Accepted Answer

A) True 
 B)False

Question 13

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 14

Which of the following is not a cause of the decline in the U.S. men's labor­force participation rate over the past several decades?

Accepted Answer

A)  young men now stay in school longer than their fathers and grandfathers did 
B)  older men now retire earlier and live longer 
C)  with more women employed, there are fewer jobs now available to men 
D)  more fathers now stay at home to raise their children 
A)  young men now stay in school longer than their fathers and grandfathers did 
B)  older men now retire earlier and live longer 
C)  with more women employed, there are fewer jobs now available to men 
D)  more fathers now stay at home to raise their children

Question 15

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 $4 in Productionville, how many people would be unemployed?

Accepted Answer

A)  0 
B)  2,000 
C)  3,000 
D)  10,000 
A)  0 
B)  2,000 
C)  3,000 
D)  10,000

Question 16

The natural rate of unemployment is constant over time.

Accepted Answer

A) True 
 B)False

Question 17

Paying efficiency wages means that wages are

Accepted Answer

A)  above equilibrium, and profits are higher than otherwise. 
B)  above equilibrium, and profits are lower than otherwise. 
C)  below equilibrium, and profits are higher than otherwise. 
D)  below equilibrium, and profits are lower than otherwise. 
A)  above equilibrium, and profits are higher than otherwise. 
B)  above equilibrium, and profits are lower than otherwise. 
C)  below equilibrium, and profits are higher than otherwise. 
D)  below equilibrium, and profits are lower than otherwise.

Question 18

The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sectors of the economy to

Accepted Answer

A)  decrease, raising wages in industries that are not unionized. 
B)  decrease, reducing wages in industries that are not unionized. 
C)  increase, raising wages in industries that are not unionized. 
D)  increase, reducing wages in industries that are not unionized. 
A)  decrease, raising wages in industries that are not unionized. 
B)  decrease, reducing wages in industries that are not unionized. 
C)  increase, raising wages in industries that are not unionized. 
D)  increase, reducing wages in industries that are not unionized.

Question 19

Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate?

Accepted Answer

A)  6.7% 
B)  9.5% 
C)  10.5% 
D)  28% 
A)  6.7% 
B)  9.5% 
C)  10.5% 
D)  28%

Question 20

The introduction of a union into a firm benefits all of that firm's workers.

Accepted Answer

A) True 
 B)False

Exam 15: Unemployment

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

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?

In terms of duration, how does cyclical unemployment differ from structural unemployment?

A firm may pay efficiency wages in an attempt to

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

Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $5, how many workers will be unemployed?

The Bureau of Labor Statistics' household survey and establishment survey both yield the same results about total employment.

The Bureau of Labor Statistics divides the adult population into two categories: those who are employed and those who are unemployed.

The invention of the telegraph led to the loss of jobs for those who had delivered mail by horse but created jobs for telegraph operators and delivery persons. This is an example of

The labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market.

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The total adult population of Tajnia in 2010 is 30,000.

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

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.

Which of the following is not a cause of the decline in the U.S. men's labor­force participation rate over the past several decades?

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 $4 in Productionville, how many people would be unemployed?

The natural rate of unemployment is constant over time.

Paying efficiency wages means that wages are

The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sectors of the economy to

Suppose that the adult population is 6 million, the number of employed is 3.8 million, and the labor-force participation rate is 70%. What is the unemployment rate?

The introduction of a union into a firm benefits all of that firm's workers.

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Elasticity and Its Application

Supply, Demand, and Government Policies

Consumers, Producers, and the Efficiency of Markets

Application: the Costs of Taxation

Application: International Trade

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 Trade-Off Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

Filters

Which of the following is not a cause of the decline in the U.S. men's laborforce participation rate over the past several decades?