Question 1

-In the table above,the unemployment rate is

Accepted Answer

A) 12 percent. 
B) 10 percent. 
C) 8 percent. 
D) 6 percent. 
E) 11 percent. 
A) 12 percent. 
B) 10 percent. 
C) 8 percent. 
D) 6 percent. 
E) 11 percent. B

Question 2

During the Great Depression of the 1930s when the unemployment rate was exceptionally high due to the Great Depression,the government had employment programs,such as the Civilian Conservation Corps,which built campsites and planted trees.These programs were aimed at reducing which type of unemployment?

Accepted Answer

A) cyclical 
B) avoidable 
C) structural 
D) frictional 
E) discouraged 
A) cyclical 
B) avoidable 
C) structural 
D) frictional 
E) discouraged A

Question 3

Which of the following statements are true concerning the labor force participation rate?
I.The labor force participation rate for women in the United States has increased since 1959.
Ii.The labor force participation rates for women across different countries have converged to about 50 percent.
Iii.The labor force participation rate for men in the United States has decreased since 1959.

Accepted Answer

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

Question 4

A marginally attached worker is

Accepted Answer

A) a person who is not happy with his or her job. 
B) someone who works part-time more than 25 hours per week but wants full-time work. 
C) someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks. 
D) someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks. 
E) another name for an unemployed worker. 
A) a person who is not happy with his or her job. 
B) someone who works part-time more than 25 hours per week but wants full-time work. 
C) someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks. 
D) someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks. 
E) another name for an unemployed worker.

Question 5

Using the table above,the Current Population Survey classifies the group of individuals obtained by adding groups 5 and 6 as

Accepted Answer

A) the working age population. 
B) the labor force. 
C) employed. 
D) unemployed. 
E) discouraged workers. 
A) the working age population. 
B) the labor force. 
C) employed. 
D) unemployed. 
E) discouraged workers.

Question 6

Why is there unemployment even when the economy is at "full employment"?

Accepted Answer

There is unemployment even at "full empl

Question 7

People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called

Accepted Answer

A) unemployed workers. 
B) discouraged workers. 
C) unhappy workers. 
D) involuntarily unemployed. 
E) part-time lookers. 
A) unemployed workers. 
B) discouraged workers. 
C) unhappy workers. 
D) involuntarily unemployed. 
E) part-time lookers.

Question 8

If an entire industry relocates to a foreign country,the relocation leads to a higher rate of ________ unemployment.

Accepted Answer

A) frictional 
B) structural 
C) structural and frictional 
D) cyclical 
E) structural and cyclical 
A) frictional 
B) structural 
C) structural and frictional 
D) cyclical 
E) structural and cyclical

Question 9

Full employment occurs when the

Accepted Answer

A) unemployment rate equals the natural unemployment rate. 
B) structural unemployment rate equals the frictional unemployment rate. 
C) natural unemployment rate equals the frictional unemployment rate. 
D) cyclical unemployment rate equals the natural unemployment rate. 
E) structural unemployment rate equals zero. 
A) unemployment rate equals the natural unemployment rate. 
B) structural unemployment rate equals the frictional unemployment rate. 
C) natural unemployment rate equals the frictional unemployment rate. 
D) cyclical unemployment rate equals the natural unemployment rate. 
E) structural unemployment rate equals zero.

Question 10

Full employment means that

Accepted Answer

A) 100 percent of the labor force have jobs. 
B) only those who are willing,able and looking for work are unemployed. 
C) the cyclical unemployment rate is zero. 
D) the natural unemployment rate is zero. 
E) the frictional unemployment rate is zero. 
A) 100 percent of the labor force have jobs. 
B) only those who are willing,able and looking for work are unemployed. 
C) the cyclical unemployment rate is zero. 
D) the natural unemployment rate is zero. 
E) the frictional unemployment rate is zero.

Question 11

The amount of frictional unemployment depends on

Accepted Answer

A) the phase of the business cycle. 
B) the time of the year. 
C) international competition. 
D) demographic factors and unemployment benefits. 
E) Both answers A and B are correct. 
A) the phase of the business cycle. 
B) the time of the year. 
C) international competition. 
D) demographic factors and unemployment benefits. 
E) Both answers A and B are correct.

Question 12

Define the unemployment rate and labor-force participation rate.Discuss the differences between these two rates.

Accepted Answer

The unemployment rate is defined as @#IMG-DLM& × 1

Question 13

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the working-age population in August of 2013?

Accepted Answer

A) 155.5 million 
B) 234.7 million 
C) 246.0 million 
D) 101.8 million 
E) There is not enough information to answer this question. 
A) 155.5 million 
B) 234.7 million 
C) 246.0 million 
D) 101.8 million 
E) There is not enough information to answer this question.

Question 14

-Using the data in the above table,the labor force is

Accepted Answer

A) 140.0 million. 
B) 152.1 million. 
C) 154.2 million. 
D) 250.0 million. 
E) 127.9 million. 
A) 140.0 million. 
B) 152.1 million. 
C) 154.2 million. 
D) 250.0 million. 
E) 127.9 million.

Question 15

Between 1960 and 2010,the labor force participation rate for men

Accepted Answer

A) increased in most years. 
B) decreased in most years. 
C) did not change. 
D) fluctuated,first rising until about 1989 and after that,then falling. 
E) did not change until 1992,after which it generally increased. 
A) increased in most years. 
B) decreased in most years. 
C) did not change. 
D) fluctuated,first rising until about 1989 and after that,then falling. 
E) did not change until 1992,after which it generally increased.

Question 16

According to the scenario above,in which of the following groups are all the people frictionally unemployed?

Accepted Answer

A) Rita and Darrelo 
B) Chris,Rita,and Thorton 
C) Rita and Jung 
D) Darrelo and Jung 
E) Jung 
A) Rita and Darrelo 
B) Chris,Rita,and Thorton 
C) Rita and Jung 
D) Darrelo and Jung 
E) Jung

Question 17

Full employment means that

Accepted Answer

A) the unemployment rate is below 6 percent. 
B) there is no cyclical unemployment. 
C) the unemployment rate is zero. 
D) the frictional unemployment rate is equal to the structural unemployment rate. 
E) there is no frictional unemployment. 
A) the unemployment rate is below 6 percent. 
B) there is no cyclical unemployment. 
C) the unemployment rate is zero. 
D) the frictional unemployment rate is equal to the structural unemployment rate. 
E) there is no frictional unemployment.

Question 18

The labor force participation rate is the

Accepted Answer

A) labor force divided by the working-age population,then multiplied by 100. 
B) number of people employed divided by the labor force,then multiplied by 100. 
C) labor force divided by the population,then multiplied by 100. 
D) discouraged workers divided by the labor force,then multiplied by 100. 
E) number of people employed divided by the population,then multiplied by 100. 
A) labor force divided by the working-age population,then multiplied by 100. 
B) number of people employed divided by the labor force,then multiplied by 100. 
C) labor force divided by the population,then multiplied by 100. 
D) discouraged workers divided by the labor force,then multiplied by 100. 
E) number of people employed divided by the population,then multiplied by 100.

Question 19

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the unemployment rate in August of 2013?

Accepted Answer

A) 7.3% 
B) 7.8% 
C) 12.4% 
D) 8.5% 
E) There is not enough information to answer this question. 
A) 7.3% 
B) 7.8% 
C) 12.4% 
D) 8.5% 
E) There is not enough information to answer this question.

Question 20

In fall 2009,the population of the United States was 301 million,the working-age population was 235.7 million,the total number of people employed and unemployed was 154.9 million,and the total number of unemployed people was 14.7 million.What is the unemployment rate?

Accepted Answer

A) 51 percent 
B) 6.2 percent 
C) 4.9 percent 
D) 9.5 percent 
E) 4.6 percent 
A) 51 percent 
B) 6.2 percent 
C) 4.9 percent 
D) 9.5 percent 
E) 4.6 percent

-In the table above,the unemployment rate is

A marginally attached worker is

Using the table above,the Current Population Survey classifies the group of individuals obtained by adding groups 5 and 6 as

Why is there unemployment even when the economy is at "full employment"?

People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called

If an entire industry relocates to a foreign country,the relocation leads to a higher rate of ________ unemployment.

Full employment occurs when the

Full employment means that

The amount of frictional unemployment depends on

Define the unemployment rate and labor-force participation rate.Discuss the differences between these two rates.

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the working-age population in August of 2013?

-Using the data in the above table,the labor force is

Between 1960 and 2010,the labor force participation rate for men

According to the scenario above,in which of the following groups are all the people frictionally unemployed?

Full employment means that

The labor force participation rate is the

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the unemployment rate in August of 2013?

In fall 2009,the population of the United States was 301 million,the working-age population was 235.7 million,the total number of people employed and unemployed was 154.9 million,and the total number of unemployed people was 14.7 million.What is the unemployment rate?

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

Filters

Exam 15: Jobs and Unemployment

-In the table above,the unemployment rate is

A marginally attached worker is

Using the table above,the Current Population Survey classifies the group of individuals obtained by adding groups 5 and 6 as

Why is there unemployment even when the economy is at "full employment"?

People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called

If an entire industry relocates to a foreign country,the relocation leads to a higher rate of ________ unemployment.

Full employment occurs when the

Full employment means that

The amount of frictional unemployment depends on

Define the unemployment rate and labor-force participation rate.Discuss the differences between these two rates.

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the working-age population in August of 2013?

-Using the data in the above table,the labor force is

Between 1960 and 2010,the labor force participation rate for men

According to the scenario above,in which of the following groups are all the people frictionally unemployed?

Full employment means that

The labor force participation rate is the

In August of 2013,the number of employed persons in the United States was 144.2 million,the number of unemployed persons was 11.3 million,and the number of persons not in the labor force was 90.5 million.What was the unemployment rate in August of 2013?

In fall 2009,the population of the United States was 301 million,the working-age population was 235.7 million,the total number of people employed and unemployed was 154.9 million,and the total number of unemployed people was 14.7 million.What is the unemployment rate?

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

Filters