Question 1

Economists have found that union workers earn what percent more than similar nonunion workers?

Accepted Answer

A)  0 to 5 
B)  5 to 10 
C)  10 to 20 
D)  20 to 30 
A)  0 to 5 
B)  5 to 10 
C)  10 to 20 
D)  20 to 30

Question 2

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 lowest 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 3

Figure 28-3  
-Refer to Figure 28-3. If the government imposes a minimum wage of $8, then how many workers will be employed?

Accepted Answer

A)  3,000 
B)  4,000 
C)  5,000 
D)  7,000 
A)  3,000 
B)  4,000 
C)  5,000 
D)  7,000

Question 4

People who are unemployed because of job search are best classified as

Accepted Answer

A)  cyclically unemployed. 
B)  structurally unemployed. 
C)  frictionally unemployed. 
D)  discouraged workers. 
A)  cyclically unemployed. 
B)  structurally unemployed. 
C)  frictionally unemployed. 
D)  discouraged workers.

Question 5

People who are unemployed because they are in search of a job that suits their skills are included within

Accepted Answer

A)  structural unemployment. 
B)  frictional unemployment. 
C)  cyclical unemployment. 
D)  marginal unemployment. 
A)  structural unemployment. 
B)  frictional unemployment. 
C)  cyclical unemployment. 
D)  marginal unemployment.

Question 6

Esmerelda worked part­time for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

Accepted Answer

A)  Esmerelda but not Tabitha 
B)  Tabitha but not Esmerelda 
C)  both Esmerelda and Tabitha 
D)  neither Esmerelda nor Tabitha 
A)  Esmerelda but not Tabitha 
B)  Tabitha but not Esmerelda 
C)  both Esmerelda and Tabitha 
D)  neither Esmerelda nor Tabitha

Question 7

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

Accepted Answer

A)  4.2% 
B)  6.25% 
C)  6.7% 
D)  10% 
A)  4.2% 
B)  6.25% 
C)  6.7% 
D)  10%

Question 8

More than 3 percent of U.S. workers leave their jobs in a typical month.

Accepted Answer

A) True 
 B)False

Question 9

Recent entrants into the labor force account for about

Accepted Answer

A)  1/5 of those who are unemployed. 
B)  1/4 of those who are unemployed. 
C)  1/3 of those who are unemployed. 
D)  1/2 of those who are unemployed. 
A)  1/5 of those who are unemployed. 
B)  1/4 of those who are unemployed. 
C)  1/3 of those who are unemployed. 
D)  1/2 of those who are unemployed.

Question 10

Figure 28-7  
-Refer to Figure 28-7. If the minimum wage is equal to $125, what is the quantity of labor supplied, the quantity of labor demanded, and number unemployed?

Accepted Answer

Labor supplied is 35

Question 11

Figure 28-1  
-Refer to Figure 28-1. Which of the following correctly identifies lines A and B?

Accepted Answer

A)  Line A is the unemployment rate, and line B is the natural rate of unemployment. 
B)  Line A is the labor force participation rate, and line B is the adult population. 
C)  Line A is the employment rate, and line B is the adult population. 
D)  Line A is the labor force participation rate, and line B is the unemployment rate. 
A)  Line A is the unemployment rate, and line B is the natural rate of unemployment. 
B)  Line A is the labor force participation rate, and line B is the adult population. 
C)  Line A is the employment rate, and line B is the adult population. 
D)  Line A is the labor force participation rate, and line B is the unemployment rate.

Question 12

If there were no factors keeping wages from reaching equilibrium then there would be no

Accepted Answer

A)  cyclical unemployment. 
B)  frictional unemployment. 
C)  structural unemployment. 
D)  natural rate of unemployment. 
A)  cyclical unemployment. 
B)  frictional unemployment. 
C)  structural unemployment. 
D)  natural rate of unemployment.

Question 13

Frictional unemployment is inevitable because the economy is always changing.

Accepted Answer

A) True 
 B)False

Question 14

Suppose that college professors at public universities are unionized. If public university college professors change their minds and vote not to be unionized, the quantity of public university college professors demanded will

Accepted Answer

A)  rise. The supply of workers in other similar professions will also rise. 
B)  rise. The supply of workers in other similar professions will fall. 
C)  fall. The supply of workers in other similar professions will rise. 
D)  fall. The supply of workers in other similar professions will also fall. 
A)  rise. The supply of workers in other similar professions will also rise. 
B)  rise. The supply of workers in other similar professions will fall. 
C)  fall. The supply of workers in other similar professions will rise. 
D)  fall. The supply of workers in other similar professions will also fall.

Question 15

Efficiency wages contribute to

Accepted Answer

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

Question 16

If the wage is kept above the equilibrium wage for any reason, the result is structural unemployment.

Accepted Answer

A) True 
 B)False

Question 17

The Bureau of Labor Statistics' U­5 measure of joblessness includes marginally attached workers.

Accepted Answer

A) True 
 B)False

Question 18

According to 2012 data on the U.S. population, which of the following groups of teenagers ages 16-19) 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 19

The introduction of a union into an industry creates a

Accepted Answer

A)  surplus of labor and so raises unemployment. 
B)  surplus of labor and so reduces unemployment. 
C)  shortage of labor and so raises unemployment. 
D)  shortage of labor and so reduces unemployment. 
A)  surplus of labor and so raises unemployment. 
B)  surplus of labor and so reduces unemployment. 
C)  shortage of labor and so raises unemployment. 
D)  shortage of labor and so reduces unemployment.

Question 20

Suppose that some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were unemployed?

Accepted Answer

A)  0.846 million 
B)  0.9 million 
C)  1.5 million 
D)  6 million 
A)  0.846 million 
B)  0.9 million 
C)  1.5 million 
D)  6 million

Exam 15: Unemployment

Economists have found that union workers earn what percent more than similar nonunion workers?

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 lowest labor-force participation rate?

Figure 28-3 -Refer to Figure 28-3. If the government imposes a minimum wage of $8, then how many workers will be employed?

People who are unemployed because of job search are best classified as

People who are unemployed because they are in search of a job that suits their skills are included within

Esmerelda worked part­time for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

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

More than 3 percent of U.S. workers leave their jobs in a typical month.

Recent entrants into the labor force account for about

Figure 28-7 -Refer to Figure 28-7. If the minimum wage is equal to $125, what is the quantity of labor supplied, the quantity of labor demanded, and number unemployed?

Figure 28-1 -Refer to Figure 28-1. Which of the following correctly identifies lines A and B?

If there were no factors keeping wages from reaching equilibrium then there would be no

Frictional unemployment is inevitable because the economy is always changing.

Suppose that college professors at public universities are unionized. If public university college professors change their minds and vote not to be unionized, the quantity of public university college professors demanded will

Efficiency wages contribute to

If the wage is kept above the equilibrium wage for any reason, the result is structural unemployment.

The Bureau of Labor Statistics' U­5 measure of joblessness includes marginally attached workers.

According to 2012 data on the U.S. population, which of the following groups of teenagers ages 16-19) had the highest unemployment rate?

The introduction of a union into an industry creates a

Suppose that some country had an adult population of about 25 million, a labor-force participation rate of 60 percent, and an unemployment rate of 6 percent. How many people were unemployed?

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

Esmerelda worked parttime for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

The Bureau of Labor Statistics' U5 measure of joblessness includes marginally attached workers.