Question 1

More generous unemployment insurance would

Accepted Answer

A)   raise structural unemployment.
B)   raise frictional unemployment.
C)   lower structural unemployment.
D)   lower frictional unemployment.E) None of the above
F) All of the above

Question 2

Josh is a full-time college student who is not working or looking for a job. The Bureau of Labor Statistics counts Josh as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed but not in the labor force.
C)   in the labor force but not unemployed.
D)   neither in the labor force nor unemployed.E) C) and D)
F) A) and B)

Question 3

Table 28-3
2009 Labor Data for Baltivia
 
-Refer to Table 28-3. How many people were in Baltivia's labor force in 2009?

Accepted Answer

A)   11,000
B)   12,600
C)   13,380
D)   20,000E) B) and C)
F) A) and B)

Question 4

Minimum-wage laws are most likely to affect the wages paid to

Accepted Answer

A)   teenagers.
B)   people with advanced technical training.
C)   people who are self-employed.
D)   union members.E) B) and C)
F) None of the above

Question 5

A typical American worker covered by unemployment insurance receives

Accepted Answer

A)   50 percent of his former wages for 26 weeks.
B)   50 percent of his former wages for 52 weeks.
C)   100 percent of his former wages for 26 weeks.
D)   100 percent of his former wages for 52 weeks.E) A) and D)
F) C) and D)

Question 6

Data on unemployment indicate that most people who become unemployed will soon find jobs.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following helps to reduce frictional unemployment?

Accepted Answer

A)   government-run employment agencies
B)   public training programs
C)   the Internet
D)   All of the above are correct.E) A) and B)
F) A) and D)

Question 8

President Bigego is running for re-election against Senator Pander. Bigego proclaims that more people are working now than when he took office. Pander says that the unemployment rate is higher now than when Bigego took office. You conclude that

Accepted Answer

A)   one of them must be lying.
B)   both of them could be telling the truth if the labor force, and employment grew at the exact same rate.
C)   both of them could be telling the truth if the labor force grew slower than employment.
D)   both of them could be telling the truth if the labor force grew faster than employment.E) A) and D)
F) A) and C)

Question 9

The deviation of unemployment from its natural rate is called

Accepted Answer

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

Question 10

What is the theory of efficiency wages? Provide four reasons that employers might pay efficiency wages.

Accepted Answer

According to the theory of efficiency wa...

Question 11

Government-run employment agencies and public training programs both seek to reduce frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 12

Unions

Accepted Answer

A)   raise the wages of unionized workers and raise unemployment.
B)   raise the wages of unionized workers and reduce unemployment.
C)   reduce the wages of unionized workers and raise unemployment.
D)   reduce the wages of unionized workers and reduce unemployment.E) All of the above
F) B) and C)

Question 13

Just after World War II, the labor-force participation rate of women was

Accepted Answer

A)   about 25 percent, and in 2012, it was about 50 percent.
B)   about 33 percent, and in 2012, it was about 60 percent.
C)   about 50 percent, and in 2012, it was about 70 percent.
D)   about 60 percent, and in 2012, it was about 80 percent.E) A) and C)
F) C) and D)

Question 14

Figure 28-4 
-Refer to Figure 28-4. If 4,000 workers are unemployed, then the minimum wage must be

Accepted Answer

A)   $2.
B)   $4.
C)   $5.
D)   $6.E) B) and D)
F) B) and C)

Question 15

The Internet my reduce frictional unemployment because it .

Accepted Answer

reduces the search c...

Question 16

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

Accepted Answer

A) True 
 B)False

Question 17

Discuss the labor-force participation trends for men and women since 1950.

Accepted Answer

The labor-force participation rates for ...

Question 18

Consider two labor markets in which jobs are equally attractive in all respects other than the wage rate. All workers are equally able to do either job. Initially, both labor markets are perfectly competitive. If a union organizes workers in one of the markets, then the wage rates will tend to

Accepted Answer

A)   rise in both markets.
B)   fall in both markets
C)   rise for the union jobs, but remain unchanged for the nonunion jobs.
D)   rise for the union jobs and fall for the nonunion jobs.E) None of the above
F) B) and D)

Question 19

Job search

Accepted Answer

A)   is one reason economies always experience some unemployment.
B)   is the process of matching workers with appropriate jobs.
C)   would not be a problem if all workers and all jobs were the same.
D)   All of the above are correct.E) None of the above
F) A) and D)

Question 20

The Bureau of Labor Statistics reported in 2005 that there were 28.19 million people over age 25 who had no high school degree or its equivalent, 11.73 million of whom were employed and 1.04 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?

Accepted Answer

A)   45.3% and 3.7%
B)   45.3% and 8.1%
C)   41.6% and 3.7%
D)   41.6% and 8.1%E) A) and D)
F) A) and C)

Exam 20: Unemployment

Which of the following helps to reduce frictional unemployment?

Correct Answer
verified

Minimum-wage laws are most likely to affect the wages paid to

Correct Answer
verified

The Internet my reduce frictional unemployment because it .

Correct Answer
verified
reduces the search c...
View Answer

Consider two labor markets in which jobs are equally attractive in all respects other than the wage rate. All workers are equally able to do either job. Initially, both labor markets are perfectly competitive. If a union organizes workers in one of the markets, then the wage rates will tend to

Correct Answer
verified

The deviation of unemployment from its natural rate is called

Correct Answer
verified

Correct Answer
verified

Discuss the labor-force participation trends for men and women since 1950.

Correct Answer
verified
The labor-force participation rates for ...
View Answer

President Bigego is running for re-election against Senator Pander. Bigego proclaims that more people are working now than when he took office. Pander says that the unemployment rate is higher now than when Bigego took office. You conclude that

Correct Answer
verified

Data on unemployment indicate that most people who become unemployed will soon find jobs.

Correct Answer
verified

Unions

Correct Answer
verified

Government-run employment agencies and public training programs both seek to reduce frictional unemployment.

Correct Answer
verified

More generous unemployment insurance would

Correct Answer
verified

Just after World War II, the labor-force participation rate of women was

Correct Answer
verified

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

Correct Answer
verified

Table 28-3 2009 Labor Data for Baltivia -Refer to Table 28-3. How many people were in Baltivia's labor force in 2009?

Correct Answer
verified

Josh is a full-time college student who is not working or looking for a job. The Bureau of Labor Statistics counts Josh as

Correct Answer
verified

What is the theory of efficiency wages? Provide four reasons that employers might pay efficiency wages.

Correct Answer
verified
According to the theory of efficiency wa...
View Answer

Job search

Correct Answer
verified

A typical American worker covered by unemployment insurance receives

Correct Answer
verified

Figure 28-4 -Refer to Figure 28-4. If 4,000 workers are unemployed, then the minimum wage must be

Correct Answer
verified

Exam 20: Unemployment

Which of the following helps to reduce frictional unemployment?

Correct AnswerverifiedShow Answer

Minimum-wage laws are most likely to affect the wages paid to

Correct AnswerverifiedShow Answer

The Internet my reduce frictional unemployment because it .

Correct Answerverifiedreduces the search c...View AnswerShow Answer

Consider two labor markets in which jobs are equally attractive in all respects other than the wage rate. All workers are equally able to do either job. Initially, both labor markets are perfectly competitive. If a union organizes workers in one of the markets, then the wage rates will tend to

Correct AnswerverifiedShow Answer

The deviation of unemployment from its natural rate is called

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Discuss the labor-force participation trends for men and women since 1950.

Correct AnswerverifiedThe labor-force participation rates for ...View AnswerShow Answer

President Bigego is running for re-election against Senator Pander. Bigego proclaims that more people are working now than when he took office. Pander says that the unemployment rate is higher now than when Bigego took office. You conclude that

Correct AnswerverifiedShow Answer

Data on unemployment indicate that most people who become unemployed will soon find jobs.

Correct AnswerverifiedShow Answer

Unions

Correct AnswerverifiedShow Answer

Government-run employment agencies and public training programs both seek to reduce frictional unemployment.

Correct AnswerverifiedShow Answer

More generous unemployment insurance would

Correct AnswerverifiedShow Answer

Just after World War II, the labor-force participation rate of women was

Correct AnswerverifiedShow Answer

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

Correct AnswerverifiedShow Answer

Table 28-3 2009 Labor Data for Baltivia -Refer to Table 28-3. How many people were in Baltivia's labor force in 2009?

Correct AnswerverifiedShow Answer

Josh is a full-time college student who is not working or looking for a job. The Bureau of Labor Statistics counts Josh as

Correct AnswerverifiedShow Answer

What is the theory of efficiency wages? Provide four reasons that employers might pay efficiency wages.

Correct AnswerverifiedAccording to the theory of efficiency wa...View AnswerShow Answer

Job search

Correct AnswerverifiedShow Answer

A typical American worker covered by unemployment insurance receives

Correct AnswerverifiedShow Answer

Figure 28-4 -Refer to Figure 28-4. If 4,000 workers are unemployed, then the minimum wage must be

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
reduces the search c...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The labor-force participation rates for ...
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

Correct Answer
verified
According to the theory of efficiency wa...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified