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Exam 20: Unemployment

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Question 331

Multiple Choice

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Evidence indicates that the typical person who becomes unemployed will

A) soon find a job.
B) find a job but not before a year or more has gone by.
C) leave the labor force and never return.
D) retire soon after

E) None of the above
F) B) and C)

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Question 332

Multiple Choice

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Which of the following does not help reduce frictional unemployment?

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

E) B) and D)
F) A) and B)

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Question 333

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In 1914, Henry Ford began paying his workers $5 per day, about twice the going wage. As a result, turnover and absenteeism fell and productivity and profits rose.

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?

Which of the following is not a commonly-cited explanation for the decreasing labor-force participation rates for men from 1950 to the present?

Minimum wages create unemployment in markets where they create a

Not all unemployment ends with the job seeker finding a job.

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor force of Tajnia in 2010 is 12,250.

Within the U.S. population, teenagers ages 16-19 have higher rates of unemployment than adults of prime working age ages 25-54, regardless of race or gender.

Public policy can reduce the economy's natural rate of unemployment.

Define the natural rate of unemployment and cyclical unemployment.

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

Table 28-10 The table below lists the number of people by labor force classification for the country of Springfield. -Refer to Table 28-10. Calculate the number in the labor force, and the unemployment rate.

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

In the town of Gotham the adult population is 560 thousand, the number unemployed is 25 thousand, and 185 thousand are not in the labor force. Calculate the unemployment rate.

The Bureau of Labor Statistics reported in 2005 that there were 53.23 million people over age 25 who had at least a bachelor's degree, 40.59 million of whom were employed and 0.98 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?

Recent entrants into the labor force account for about

Which of the following was not among the four industries with the largest employment in the United States a century ago?

Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $4, how many workers will be unemployed?

Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the