Question 1

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased.

Accepted Answer

A) True 
 B)False

Question 2

Minimum-wage laws, unions, and efficiency wages contribute to

Accepted Answer

A)  both structural unemployment and the natural rate of unemployment.
B)  neither structural unemployment nor the natural rate of unemployment.
C)  structural unemployment, but not the natural rate of unemployment.
D)  the natural rate of unemployment, but not structural unemployment.E) C) and D)
F) B) and D)

Question 3

Figure 28-7 
-Refer to Figure 28-7. If the minimum wage is set at $100, how many will be unemployed?

Accepted Answer

The answer of Figure 28-7 
-Refer to Figure 28-7. If...

Question 4

Minimum wages create unemployment in markets where they create a

Accepted Answer

A)  shortage of labor. Minimum wage laws are not the predominant reason for unemployment in the U.S.
B)  shortage of labor. Minimum wage laws are the predominant reason for unemployment in the U.S.
C)  surplus of labor. Minimum wage laws are not the predominant reason for unemployment in the U.S.
D)  surplus of labor. Minimum wage laws are the predominant reason for unemployment in the U.S.E) All of the above
F) C) and D)

Question 5

Write the formula for calculating the unemployment rate.

Accepted Answer

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

Question 6

Discouraged workers are included in

Accepted Answer

A)  the number of unemployed.
B)  frictional unemployment.
C)  the labor force.
D)  None of the above is correct.E) All of the above
F) A) and C)

Question 7

The natural rate of unemployment is impervious to economic policy.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

Accepted Answer

A)  the natural rate of unemployment.
B)  cyclical unemployment.
C)  structural unemployment.
D)  frictional unemployment.E) A) and B)
F) C) and D)

Question 10

Which of the following does not help reduce frictional unemployment?

Accepted Answer

A)  government-run employment agencies
B)  public training programs
C)  unemployment insurance
D)  All of the above help reduce frictional unemployment.E) All of the above
F) C) and D)

Question 11

The unemployment that results from the process of matching workers and jobs is called frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 12

​After a couple of months searching for a job, Sofia is hired. Which of the following increases?

Accepted Answer

A)  ​the labor force and the labor force participation rate
B)  ​the labor force participation rate but not the labor force
C)  ​The labor force participation rate but not the labor force
D)  ​neither the labor force nor the labor force participation rateE) A) and B)
F) A) and C)

Question 13

Workers searching for jobs that best suit them is most closely associated with

Accepted Answer

A)  cyclical unemployment.
B)  frictional unemployment.
C)  seasonal unemployment.
D)  structural unemployment.E) A) and B)
F) None of the above

Question 14

In 2014, the Italian adult non-institutionalized population was 38.8 million, the labor force was 25.4 million, and the number of people employed was 22 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about

Accepted Answer

A)  65.5% and 13.4%
B)  65.5% and 8.8%
C)  56.7% and 13.4%
D)  56.7% and 8.8%E) All of the above
F) A) and C)

Question 15

Wages in excess of their equilibrium level help explain

Accepted Answer

A)  structural unemployment but not the natural rate of unemployment.
B)  the natural rate of unemployment but not structural unemployment.
C)  both structural unemployment and the natural rate of unemployment.
D)  neither structural unemployment nor the natural rate of unemployment.E) None of the above
F) A) and B)

Question 16

Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?

Accepted Answer

Most unemployed people in the economy ar...

Question 17

Rafael is the newly-appointed plant manager for a company that manufactures head phones. Rafael's senior supervisors told him that the output the firm produces, given the number of workers employed, indicates that some workers may be shirking. According to efficiency wage theory, what should he do?

Accepted Answer

A)  pay all workers more than the equilibrium wage rate
B)  pay all workers below the equilibrium wage rate to make up for the loss from shirking
C)  make sure that workers are getting paid exactly the equilibrium wage rate
D)  fire the workers with the most seniorityE) None of the above
F) A) and B)

Question 18

Suppose that neither food-service workers nor retail salespeople are unionized. If food-service workers unionize, then the supply of retail salespeople will

Accepted Answer

A)  rise, as will the wages of retail salespeople.
B)  rise, and the wages of retail salespeople will fall.
C)  fall, as will the wages of retail salespeople.
D)  fall, and the wages of retail salespeople will rise.E) C) and D)
F) A) and B)

Question 19

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Accepted Answer

Causes of the increase in the U.S. women...

Question 20

Table 28-2
Labor Data for Aridia 
-Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2012 was

Accepted Answer

A)  200.
B)  1,400.
C)  1,600.
D)  3,000.E) A) and B)
F) B) and C)

Exam 28: Unemployment and Its Natural Rate

Wages in excess of their equilibrium level help explain

Correct AnswerverifiedShow Answer

Which of the following does not help reduce frictional unemployment?

Correct AnswerverifiedShow Answer

Minimum wages create unemployment in markets where they create a

Correct AnswerverifiedShow Answer

Suppose that neither food-service workers nor retail salespeople are unionized. If food-service workers unionize, then the supply of retail salespeople will

Correct AnswerverifiedShow Answer

Minimum-wage laws, unions, and efficiency wages contribute to

Correct AnswerverifiedShow Answer

​After a couple of months searching for a job, Sofia is hired. Which of the following increases?

Correct AnswerverifiedShow Answer

Rafael is the newly-appointed plant manager for a company that manufactures head phones. Rafael's senior supervisors told him that the output the firm produces, given the number of workers employed, indicates that some workers may be shirking. According to efficiency wage theory, what should he do?

Correct AnswerverifiedShow Answer

The unemployment that results from the process of matching workers and jobs is called frictional unemployment.

Correct AnswerverifiedShow Answer

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Correct AnswerverifiedCauses of the increase in the U.S. women...View AnswerShow Answer

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The number of adults not in the labor force of Aridia in 2012 was

Correct AnswerverifiedShow Answer

The natural rate of unemployment is impervious to economic policy.

Correct AnswerverifiedShow Answer

Workers searching for jobs that best suit them is most closely associated with

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Discouraged workers are included in

Correct AnswerverifiedShow Answer

Write the formula for calculating the unemployment rate.

Correct AnswerverifiedShow Answer

Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

Correct AnswerverifiedShow Answer

Figure 28-7 -Refer to Figure 28-7. If the minimum wage is set at $100, how many will be unemployed?

Correct AnswerverifiedShow Answer

Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?

Correct AnswerverifiedMost unemployed people in the economy ar...View AnswerShow Answer

In 2014, the Italian adult non-institutionalized population was 38.8 million, the labor force was 25.4 million, and the number of people employed was 22 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about

Correct AnswerverifiedShow Answer

Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

After a couple of months searching for a job, Sofia is hired. Which of the following increases?

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Causes of the increase in the U.S. women...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Most unemployed people in the economy ar...
View Answer

Correct Answer
verified

Correct Answer
verified