Question 1

The Bureau of Labor Statistics produces data on unemployment, types of employment, length of the average workweek, and the duration of unemployment.

Accepted Answer

A) True 
 B)False

Question 2

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 3

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

Accepted Answer

A)  4.8% 
B)  5.0% 
C)  7.1% 
D)  7.7% 
A)  4.8% 
B)  5.0% 
C)  7.1% 
D)  7.7%

Question 4

Most economists agree that eliminating unemployment insurance would increase the amount of unemployment in the economy.

Accepted Answer

A) True 
 B)False

Question 5

Frictional unemployment is often thought to explain relatively long spells of unemployment.

Accepted Answer

A) True 
 B)False

Question 6

All else equal, which of the following would increase the unemployment rate? i) an increase in the number of women who return to work after being stay-at-home mothers
Ii) a preference among older men to retire early
Iii) an increase in the maximum number of weeks for which someone can receive government unemployment benefits
Iv) an increase in the number of previously unemployed women who stop looking for work and become discouraged workers

Accepted Answer

A)  i) and ii) only 
B)  iii) only 
C)  ii) and iii) only 
D)  ii), iii), and iv) only 
A)  i) and ii) only 
B)  iii) only 
C)  ii) and iii) only 
D)  ii), iii), and iv) only

Question 7

Write the formula for calculating the unemployment rate.

Accepted Answer

The answer of Write the formula for calculating the unemployment...

Question 8

Most economists believe unions are bad for the economy as a whole.

Accepted Answer

A) True 
 B)False

Question 9

Today, unions play a larger role in Europe than they do in the U.S.

Accepted Answer

A) True 
 B)False

Question 10

When job search is the explanation for unemployment, workers are searching for the jobs that best suit their tastes and skills, but when the wage is above the equilibrium level, the quantity of labor supplied exceeds the quantity of labor demanded, and workers are unemployed because they are waiting for jobs to open up.

Accepted Answer

A) True 
 B)False

Question 11

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 $8 in Productionville, how many people would be unemployed?

Accepted Answer

A)  0 
B)  2,000 
C)  5,000 
D)  10,000 
A)  0 
B)  2,000 
C)  5,000 
D)  10,000

Question 12

Table 28-6
  
-Refer to Table 28-6. What is the U-4 measure of labor underutilization?

Accepted Answer

A)  6.5% 
B)  6.9% 
C)  7.0% 
D)  17.9% 
A)  6.5% 
B)  6.9% 
C)  7.0% 
D)  17.9%

Question 13

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 14

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no

Accepted Answer

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

Question 15

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 participation rate in Meditor?

Accepted Answer

A)  38.1% 
B)  61.9% 
C)  66.7% 
D)  95.2% 
A)  38.1% 
B)  61.9% 
C)  66.7% 
D)  95.2%

Question 16

Figure 28-3  
-Refer to Figure 28-3. At the equilibrium wage, how many workers are unemployed?

Accepted Answer

A)  0 
B)  4,000 
C)  5,000 
D)  8,000 
A)  0 
B)  4,000 
C)  5,000 
D)  8,000

Question 17

Within the U.S. population, blacks of prime working age ages 25-54) have similar rates of unemployment than whites of prime working age ages 25-54), regardless of gender.

Accepted Answer

A) True 
 B)False

Question 18

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Accepted Answer

A) True 
 B)False

Question 19

Since 1960, the natural rate of unemployment in the U.S. has been between

Accepted Answer

A)  0% and 1%. 
B)  5% and 6%. 
C)  10% and 12%. 
D)  12% and 24%. 
A)  0% and 1%. 
B)  5% and 6%. 
C)  10% and 12%. 
D)  12% and 24%.

Question 20

The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for more narrowly defined groups.

Accepted Answer

A) True 
 B)False

Exam 15: Unemployment

The Bureau of Labor Statistics produces data on unemployment, types of employment, length of the average workweek, and the duration of unemployment.

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 unemployment rate in Meditor?

Most economists agree that eliminating unemployment insurance would increase the amount of unemployment in the economy.

Frictional unemployment is often thought to explain relatively long spells of unemployment.

Write the formula for calculating the unemployment rate.

Most economists believe unions are bad for the economy as a whole.

Today, unions play a larger role in Europe than they do in the U.S.

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 $8 in Productionville, how many people would be unemployed?

Table 28-6 -Refer to Table 28-6. What is the U-4 measure of labor underutilization?

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?

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no

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 participation rate in Meditor?

Figure 28-3 -Refer to Figure 28-3. At the equilibrium wage, how many workers are unemployed?

Within the U.S. population, blacks of prime working age ages 25-54) have similar rates of unemployment than whites of prime working age ages 25-54), regardless of gender.

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Since 1960, the natural rate of unemployment in the U.S. has been between

The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for more narrowly defined groups.

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

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