Question 1

Figure 28-2 
Refer to Figure 28-2. What do the two lines in the figure measure?

Accepted Answer

A)   The top line is the labor force participation rate, and the bottom line is the unemployment rate.
B)   The top line is the labor force participation rates of the college-educated population, and bottom line is the labor force participation rates of the high-school-educated population.
C)   The top line is the foreign labor force participation rate, and the bottom line is the domestic labor force participation rate.
D)   The top line is the labor force participation rates of men, and the bottom line is the labor force participation rates of women.E) All of the above
F) B) and D)

Question 2

The Bureau of Labor Statistics produces data on unemployment based on the number of people collecting unemployment insurance.

Accepted Answer

A) True 
 B)False

Question 3

Right-to-work laws allow striking union members to be permanently replaced.

Accepted Answer

A) True 
 B)False

Question 4

Table 28-11
2010 Labor Data for Tajnia
 
-Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 7.5 percent.

Accepted Answer

A) True 
 B)False

Question 5

Most spells of unemployment are short. About half of unemployment spells end with an exit from the labor force.

Accepted Answer

A) True 
 B)False

Question 6

Table 28-9
The table below lists the number of people by labor force classification for the country of Shelbyville.
 
-Refer to Table 28-9. What is the unemployment rate?

Accepted Answer

The answer of Table 28-9
The table below lists the number...

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) B) and D)
F) None of the above

Question 8

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) C) and D)

Question 9

The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S. data. All values are in thousands. Fill in the blank entries in the table.

Accepted Answer

The answer of The table below uses data for the...

Question 10

Someone who has a job but is absent from work because she is on vacation is counted as "employed."

Accepted Answer

A) True 
 B)False

Question 11

Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

Accepted Answer

A) True 
 B)False

Question 12

Frictional unemployment is often the result of changes in the demand for labor among different firms.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is correct?

Accepted Answer

A)   There is consensus among economists that unions are good for the economy.
B)   There is consensus among economists that unions are bad for the economy.
C)   There is consensus among economists that, on net, unions have almost no impact on macroeconomic variables.
D)   There is no consensus among economists about whether unions are good or bad for the economy.E) A) and D)
F) None of the above

Question 14

Which of the following is correct?

Accepted Answer

A)   Labor force = number of employed.
B)   Labor force = population - number of unemployed.
C)   Unemployment Rate = number of unemployed ÷ number of employed + number of unemployed)  × 100.
D)   Unemployment Rate = number of unemployed ÷ adult population × 100.E) A) and D)
F) None of the above

Question 15

Government-run employment agencies and public training programs are operated by the government to try to facilitate job search and reduce unemployment.

Accepted Answer

A)   Almost all economists agree that such programs are of no use.
B)   Almost all economists agree that such programs work very well.
C)   Some economists claim that the government can do these things no better than firms and individuals could do them for themselves.
D)   Some economists claim that these programs increase frictional unemployment.E) B) and C)
F) None of the above

Question 16

Explain how the actions of labor unions generate greater unemployment.

Accepted Answer

Labor unions push wa...

Question 17

Figure 28-4 
-Refer to Figure 28-4. If 2,000 workers are unemployed, then the minimum wage must be

Accepted Answer

A)   $3.
B)   $4.
C)   $5.
D)   $6.E) A) and B)
F) B) and C)

Question 18

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as "unemployed"?

Accepted Answer

A)   anyone who is not employed
B)   anyone who is not employed, is available for work, and has looked for work in the past four weeks
C)   anyone who is not employed, is available for work, has looked for work in the past four weeks, and anyone who is waiting to be recalled from a job from which they have been laid off
D)   anyone who is not employed, is available for work, has looked for work in the past four weeks, anyone who is waiting to be recalled from a job from which they have been laid off, and anyone who is employed part time and has searched for full time employment in the past 4 weeksE) A) and B)
F) B) and C)

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Table 28-2
Labor Data for Aridia
 
-Refer to Table 28-2. The labor force of Aridia in 2010 was

Accepted Answer

A)   1,400.
B)   1,600.
C)   1,800.
D)   2,000.E) A) and B)
F) A) and C)

Exam 10: Unemployment and Its Natural Rate

Right-to-work laws allow striking union members to be permanently replaced.

Correct AnswerverifiedShow Answer

Frictional unemployment is often the result of changes in the demand for labor among different firms.

Correct AnswerverifiedShow Answer

The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S. data. All values are in thousands. Fill in the blank entries in the table.

Correct AnswerverifiedShow Answer

Figure 28-2 Refer to Figure 28-2. What do the two lines in the figure measure?

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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

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Someone who has a job but is absent from work because she is on vacation is counted as "employed."

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Figure 28-4 -Refer to Figure 28-4. If 2,000 workers are unemployed, then the minimum wage must be

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Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The unemployment rate of Tajnia in 2010 is about 7.5 percent.

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Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

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Which of the following is correct?

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Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The labor force of Aridia in 2010 was

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

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The Bureau of Labor Statistics produces data on unemployment based on the number of people collecting unemployment insurance.

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Which of the following helps to reduce frictional unemployment?

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Most spells of unemployment are short. About half of unemployment spells end with an exit from the labor force.

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Which of the following is correct?

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Explain how the actions of labor unions generate greater unemployment.

Correct AnswerverifiedLabor unions push wa...View AnswerShow Answer

Table 28-9 The table below lists the number of people by labor force classification for the country of Shelbyville. -Refer to Table 28-9. What is the unemployment rate?

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Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as "unemployed"?

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Government-run employment agencies and public training programs are operated by the government to try to facilitate job search and reduce unemployment.

Correct AnswerverifiedShow Answer

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Labor unions push wa...
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