Question 1

Which of the following is not a reason economies experience structural unemployment?

Accepted Answer

A)   job search
B)   unions
C)   minimum-wage laws
D)   efficiency wagesE) B) and C)
F) B) and D)

Question 2

Christopher is an unpaid, stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter. Currently, Christopher is not looking for a paid job. The Bureau of Labor Statistics counts Christopher 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) None of the above
F) A) and B)

Question 3

Suppose that the Bureau of Labor Statistics predicts that the number of jobs for dental hygienists will grow faster than most occupations while the number of jobs for bookbinders will decline. This change in the labor market could lead to

Accepted Answer

A)   frictional unemployment created by efficiency wages.
B)   structural unemployment created by efficiency wages.
C)   frictional unemployment created by sectoral shifts.
D)   structural unemployment created by sectoral shifts.E) A) and B)
F) B) and C)

Question 4

A labor union is similar to a .

Accepted Answer

The answer of A labor union is similar to a...

Question 5

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, there are more workers willing to work than there are jobs, so some workers are unemployed.

Accepted Answer

A) True 
 B)False

Question 6

The Bureau of Labor Statistics places people in the "employed" category if they

Accepted Answer

A)   are without a job, but are available for work and have tried to find a job during the previous four weeks.
B)   work without pay in a family member's business.
C)   are waiting to be recalled to a job from which they had been laid off.
D)   All of the above are correct.E) B) and C)
F) None of the above

Question 7

A century ago, the four industries with the largest employment in the United States were cotton goods, woolen goods, men's clothing, and lumber.

Accepted Answer

A) True 
 B)False

Question 8

Right-to-work laws

Accepted Answer

A)   guarantee workers the right to form unions.
B)   give workers in a unionized firm the right to choose whether to join the union.
C)   prevent employers from hiring permanent replacements for workers who are on strike.
D)   prevent workers from being fired because of increases in wages brought about by collective bargaining.E) A) and B)
F) B) and D)

Question 9

Full­time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Accepted Answer

A) True 
 B)False

Question 10

Within the U.S. population, teenagers ages 16-19) have similar rates of labor-force participation than adults of prime working age ages 25-54), regardless of race or gender.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not a contention of advocates of unions?

Accepted Answer

A)   Unions are a necessary antidote to the market power of the firms that hire workers.
B)   In the case of a "company town," a union may balance the firm's market power and protect the workers from being at the mercy of the firm's owners.
C)   The introduction of a union benefits all workers in a firm.
D)   Unions are important for helping firms respond efficiently to workers' concerns.E) All of the above
F) B) and C)

Question 12

When a union raises the wage above the equilibrium level, it

Accepted Answer

A)   reduces both the quantity of labor supplied and the quantity of labor demanded.
B)   reduces the quantity of labor supplied and raises the quantity of labor demanded.
C)   raises the quantity of labor supplied and reduces the quantity of labor demanded.
D)   raises both the quantity of labor supplied and the quantity of labor demanded.E) All of the above
F) A) and D)

Question 13

Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change in consumer tastes, the demand for hard-wood-flooring factory workers in North Carolina increases, while the demand for carpet factory workers in Georgia decreases. This is an example of

Accepted Answer

A)   frictional unemployment created by efficiency wages.
B)   structural unemployment created by efficiency wages.
C)   frictional unemployment created by sectoral shifts.
D)   structural unemployment created by sectoral shifts.E) All of the above
F) C) and D)

Question 14

Briefly explain the four rationales for efficiency wages.

Accepted Answer

1. Better paid workers are healthier and...

Question 15

Who is included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

A)   Tina, who worked most of the week in a steel factory
B)   Kelly, who is temporarily laid off but expects to be recalled
C)   DJ, who does not have a job but is looking for work
D)   All of the above are correct.E) None of the above
F) B) and C)

Question 16

Who of the following are included in the Bureau of Labor Statistics' "employed" category?

Accepted Answer

A)   certain unpaid workers
B)   part-time workers
C)   workers on vacation
D)   All of the above are correct.E) B) and C)
F) A) and D)

Question 17

Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of

Accepted Answer

A)   both medical technicians and nurses' aides will rise.
B)   both medical technicians and nurses' aides will fall.
C)   medical technicians will rise, and the wages of nurses' aides will fall.
D)   nurses' aides will rise, and the wages of medical technicians will fall.E) A) and B)
F) A) and C)

Question 18

About what percentage of jobs are destroyed every year, and about what percentage of workers leave their jobs in a typical month?

Accepted Answer

A)   1% and 5%
B)   5% and 1%
C)   3% and 10%
D)   10% and 3%E) All of the above
F) A) and D)

Question 19

Most job search in the U.S. economy takes place without intervention by the government.

Accepted Answer

A) True 
 B)False

Question 20

Unemployment insurance is designed to offer workers full protection against job loss.

Accepted Answer

A) True 
 B)False

Exam 15: Unemployment

The Bureau of Labor Statistics places people in the "employed" category if they

Correct Answer
verified

When a union raises the wage above the equilibrium level, it

Correct Answer
verified

Which of the following is not a reason economies experience structural unemployment?

Correct Answer
verified

Who of the following are included in the Bureau of Labor Statistics' "employed" category?

Correct Answer
verified

A labor union is similar to a .

Correct Answer
verified

A century ago, the four industries with the largest employment in the United States were cotton goods, woolen goods, men's clothing, and lumber.

Correct Answer
verified

Who is included in the labor force by the Bureau of Labor Statistics?

Correct Answer
verified

Which of the following is not a contention of advocates of unions?

Correct Answer
verified

Most job search in the U.S. economy takes place without intervention by the government.

Correct Answer
verified

Within the U.S. population, teenagers ages 16-19) have similar rates of labor-force participation than adults of prime working age ages 25-54), regardless of race or gender.

Correct Answer
verified

Christopher is an unpaid, stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter. Currently, Christopher is not looking for a paid job. The Bureau of Labor Statistics counts Christopher as

Correct Answer
verified

About what percentage of jobs are destroyed every year, and about what percentage of workers leave their jobs in a typical month?

Correct Answer
verified

Unemployment insurance is designed to offer workers full protection against job loss.

Correct Answer
verified

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, there are more workers willing to work than there are jobs, so some workers are unemployed.

Correct Answer
verified

Briefly explain the four rationales for efficiency wages.

Correct Answer
verified
1. Better paid workers are healthier and...
View Answer

Fulltime students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct Answer
verified

Right-to-work laws

Correct Answer
verified

Correct Answer
verified

Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of

Correct Answer
verified

Suppose that the Bureau of Labor Statistics predicts that the number of jobs for dental hygienists will grow faster than most occupations while the number of jobs for bookbinders will decline. This change in the labor market could lead to

Correct Answer
verified

Exam 15: Unemployment

The Bureau of Labor Statistics places people in the "employed" category if they

Correct AnswerverifiedShow Answer

When a union raises the wage above the equilibrium level, it

Correct AnswerverifiedShow Answer

Which of the following is not a reason economies experience structural unemployment?

Correct AnswerverifiedShow Answer

Who of the following are included in the Bureau of Labor Statistics' "employed" category?

Correct AnswerverifiedShow Answer

A labor union is similar to a .

Correct AnswerverifiedShow Answer

A century ago, the four industries with the largest employment in the United States were cotton goods, woolen goods, men's clothing, and lumber.

Correct AnswerverifiedShow Answer

Who is included in the labor force by the Bureau of Labor Statistics?

Correct AnswerverifiedShow Answer

Which of the following is not a contention of advocates of unions?

Correct AnswerverifiedShow Answer

Most job search in the U.S. economy takes place without intervention by the government.

Correct AnswerverifiedShow Answer

Within the U.S. population, teenagers ages 16-19) have similar rates of labor-force participation than adults of prime working age ages 25-54), regardless of race or gender.

Correct AnswerverifiedShow Answer

Christopher is an unpaid, stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter. Currently, Christopher is not looking for a paid job. The Bureau of Labor Statistics counts Christopher as

Correct AnswerverifiedShow Answer

About what percentage of jobs are destroyed every year, and about what percentage of workers leave their jobs in a typical month?

Correct AnswerverifiedShow Answer

Unemployment insurance is designed to offer workers full protection against job loss.

Correct AnswerverifiedShow Answer

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, there are more workers willing to work than there are jobs, so some workers are unemployed.

Correct AnswerverifiedShow Answer

Briefly explain the four rationales for efficiency wages.

Correct Answerverified1. Better paid workers are healthier and...View AnswerShow Answer

Full­time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct AnswerverifiedShow Answer

Right-to-work laws

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of

Correct AnswerverifiedShow Answer

Suppose that the Bureau of Labor Statistics predicts that the number of jobs for dental hygienists will grow faster than most occupations while the number of jobs for bookbinders will decline. This change in the labor market could lead to

Correct AnswerverifiedShow Answer

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Correct Answer
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Correct Answer
verified
1. Better paid workers are healthier and...
View Answer

Fulltime students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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