Question 1

Give a few examples of how sectoral shifts temporarily cause unemployment.

Accepted Answer

Examples should focus on sectors of the

Question 2

Sectoral shifts temporarily cause unemployment.

Accepted Answer

A) True 
 B)False

Question 3

Table 28-3
2009 Labor Data for Baltivia
  
-Refer to Table 28-3. How many people were unemployed in Baltivia in 2009?

Accepted Answer

A)  1,400 
B)  1,600 
C)  2,000 
D)  2,780 
A)  1,400 
B)  1,600 
C)  2,000 
D)  2,780

Question 4

Since unemployment rates are consistently higher in Canada and some Western European countries than in the United States, it appears that the natural rate of unemployment is lower in the United States. What might explain this difference?

Accepted Answer

The text offers two explanations for the

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 labor force in Meditor?

Accepted Answer

A)  40 million 
B)  65 million 
C)  70 million 
D)  100 million 
A)  40 million 
B)  65 million 
C)  70 million 
D)  100 million

Question 6

Access to which of the following explains the lower growth rate for the American economy in the 21st century compared to the previous 250 years?

Accepted Answer

A)  food stamps 
B)  Social Security disability payments 
C)  Pell grants 
D)  All of the above are correct. 
A)  food stamps 
B)  Social Security disability payments 
C)  Pell grants 
D)  All of the above are correct.

Question 7

Table 28-2
Labor Data for Aridia
  
-Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2011 was

Accepted Answer

A)  600. 
B)  1,100. 
C)  1,700. 
D)  2,400. 
A)  600. 
B)  1,100. 
C)  1,700. 
D)  2,400.

Question 8

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are not eligible for unemployment insurance.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following was not among the four industries with the largest employment in the United States a century ago?

Accepted Answer

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

Question 10

Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job.

Accepted Answer

A) True 
 B)False

Question 11

The reported unemployment rate should be viewed as

Accepted Answer

A)  a useful but imperfect measure of joblessness. 
B)  clearly smaller than the true unemployment rate. 
C)  clearly larger than the true unemployment rate. 
D)  being very close to the true unemployment rate. 
A)  a useful but imperfect measure of joblessness. 
B)  clearly smaller than the true unemployment rate. 
C)  clearly larger than the true unemployment rate. 
D)  being very close to the true unemployment rate.

Question 12

The Bureau of Labor Statistics' U­4 measure of joblessness includes discouraged workers.

Accepted Answer

A) True 
 B)False

Question 13

Unemployment insurance

Accepted Answer

A)  reduces search effort which raises unemployment. 
B)  reduces search effort which lowers unemployment. 
C)  increases search effort which raises unemployment. 
D)  increases search effort which decreases unemployment. 
A)  reduces search effort which raises unemployment. 
B)  reduces search effort which lowers unemployment. 
C)  increases search effort which raises unemployment. 
D)  increases search effort which decreases unemployment.

Question 14

The labor-force participation rate is computed as

Accepted Answer

A)  Employed ÷ Adult Population) × 100. 
B)  Employed ÷ Labor Force) × 100. 
C)  Labor Force ÷ Adult Population) × 100. 
D)  Adult Population ÷ Labor Force) × 100. 
A)  Employed ÷ Adult Population) × 100. 
B)  Employed ÷ Labor Force) × 100. 
C)  Labor Force ÷ Adult Population) × 100. 
D)  Adult Population ÷ Labor Force) × 100.

Question 15

Suppose there are a large number of men who used to work or seek work who now no longer do either. Other things the same, this makes

Accepted Answer

A)  the number of people unemployed rise but does not change the labor force. 
B)  the number of people unemployed rise but makes the labor force fall. 
C)  both the number of people unemployed and the labor force fall. 
D)  the number of people unemployed fall but does not change the labor force. 
A)  the number of people unemployed rise but does not change the labor force. 
B)  the number of people unemployed rise but makes the labor force fall. 
C)  both the number of people unemployed and the labor force fall. 
D)  the number of people unemployed fall but does not change the labor force.

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Suppose that the adult population in the country of Atlantis is 115 million. If 80 million people are employed and 5 million are unemployed, then

Accepted Answer

A)  30 million are not in the labor force. 
B)  35 million are in the labor force. 
C)  75 million are in the labor force. 
D)  35 million are not in the labor force. 
A)  30 million are not in the labor force. 
B)  35 million are in the labor force. 
C)  75 million are in the labor force. 
D)  35 million are not in the labor force.

Question 18

Compare the 2012 unemployment rates and labor-force participation rates of whites, blacks, adults of prime working age ages 25-54), and teenagers ages 16-19).

Accepted Answer

For adults:
Adult white men have the hig

Question 19

Consider two people who are currently out of work. Tim is not looking for work because there have been many job cuts where he lives, and he doesn't think it likely that he will find work. Bev is not currently looking for work, but she would like a job, and she has looked for work in the past. The Bureau of Labor Statistics considers

Accepted Answer

A)  both Tim and Bev to be marginally attached workers. 
B)  neither Tim nor Bev to be marginally attached workers. 
C)  only Tim to be a marginally attached worker. 
D)  only Bev to be a marginally attached worker. 
A)  both Tim and Bev to be marginally attached workers. 
B)  neither Tim nor Bev to be marginally attached workers. 
C)  only Tim to be a marginally attached worker. 
D)  only Bev to be a marginally attached worker.

Question 20

Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Exam 15: Unemployment

Give a few examples of how sectoral shifts temporarily cause unemployment.

Sectoral shifts temporarily cause unemployment.

Table 28-3 2009 Labor Data for Baltivia -Refer to Table 28-3. How many people were unemployed in Baltivia in 2009?

Since unemployment rates are consistently higher in Canada and some Western European countries than in the United States, it appears that the natural rate of unemployment is lower in the United States. What might explain this difference?

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

Access to which of the following explains the lower growth rate for the American economy in the 21st century compared to the previous 250 years?

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2011 was

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are not eligible for unemployment insurance.

Which of the following was not among the four industries with the largest employment in the United States a century ago?

Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job.

The reported unemployment rate should be viewed as

The Bureau of Labor Statistics' U­4 measure of joblessness includes discouraged workers.

Unemployment insurance

The labor-force participation rate is computed as

Suppose there are a large number of men who used to work or seek work who now no longer do either. Other things the same, this makes

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

Suppose that the adult population in the country of Atlantis is 115 million. If 80 million people are employed and 5 million are unemployed, then

Compare the 2012 unemployment rates and labor-force participation rates of whites, blacks, adults of prime working age ages 25-54), and teenagers ages 16-19).

Adults who were waiting to be recalled to a job from which they had been laid off are included in the Bureau of Labor Statistics' "employed" category.

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

The Bureau of Labor Statistics' U4 measure of joblessness includes discouraged workers.