Question 1

In the U.S., it is illegal for employers to interfere when workers try to organize unions.

Accepted Answer

A) True 
 B)False

Question 2

Table 28-4
2010 Labor Data for Adults ages 16 and older)  in Meditor
 
-Refer to Table 28-4. What is the adult population in Meditor?

Accepted Answer

A)   90 million
B)   160 million
C)   230 million
D)   240 millionE) C) and D)
F) B) and D)

Question 3

Figure 28-3 
-Refer to Figure 28-3. At the equilibrium wage, how many workers are employed?

Accepted Answer

A)   0
B)   1,000
C)   5,000
D)   9,000E) B) and C)
F) All of the above

Question 4

Cyclical unemployment refers to the year-to-year fluctuations in unemployment around its natural rate.

Accepted Answer

A) True 
 B)False

Question 5

The Bureau of Labor Statistics' U­2 measure of joblessness includes job losers and job leavers.

Accepted Answer

A) True 
 B)False

Question 6

Most spells of unemployment are short, and most unemployment observed at any given time is long-term.

Accepted Answer

A) True 
 B)False

Question 7

People who report being not in the labor force but who, in fact, want to work but have given up trying to find a job after an unsuccessful search cause the reported unemployment rate to be lower than it would otherwise be.

Accepted Answer

A) True 
 B)False

Question 8

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54)  had the lowest unemployment rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) A) and B)
F) A) and C)

Question 9

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 10

Some people who are employed or who are not making serious effort to find employment will report themselves as unemployed. Some people who want to find work will be counted as out of the labor force.

Accepted Answer

A)   Both the first and the second fact tend to make the reported unemployment rate lower than otherwise.
B)   Both the first and the second fact tend to make the reported unemployment rate higher than otherwise.
C)   The first fact tends to make the reported unemployment rate higher than otherwise, while the second fact tends to make the reported unemployment rate lower than otherwise.
D)   The first fact tends to make the reported unemployment rate lower than otherwise, while the second fact tends to make the reported unemployment rate higher than otherwise.E) A) and B)
F) A) and C)

Question 11

The natural rate of unemployment refers to the current unemployment rate.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not correct?

Accepted Answer

A)   Most people who become unemployed will soon find jobs.
B)   In an ideal labor market, wages would adjust to ensure that all workers are always fully employed.
C)   The unemployment rate occasionally falls to zero.
D)   There are always some workers without jobs, even when the overall economy is doing well.E) B) and C)
F) A) and B)

Question 13

Tatiana is waiting to be recalled to a job from which she was laid off. Ivan was fired but has not looked for work during the last two months. Who does the Bureau of Labor Statistics count as "unemployed"?

Accepted Answer

A)   Tatiana but not Ivan
B)   Ivan but not Tatiana
C)   both Ivan and Tatiana
D)   neither Ivan nor TatianaE) A) and B)
F) A) and C)

Question 14

Minimum-wage laws affect all workers.

Accepted Answer

A) True 
 B)False

Question 15

More than 30 percent of U.S. workers leave their jobs in a typical month.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?

Accepted Answer

A)   efficiency wages
B)   job search
C)   minimum-wage laws
D)   unionsE) A) and C)
F) A) and B)

Question 17

Within the U.S. population, women of prime working age ages 25-54) have similar rates of labor-force participation than men of prime working age ages 25-54), regardless of race.

Accepted Answer

A) True 
 B)False

Question 18

From time to time, the demand for workers has risen in one region of the United States and fallen in another. This illustrates

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) A) and C)

Question 19

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 20

According to 2012 data on the U.S. population, which of the following was correct?

Accepted Answer

A)   Adults of prime working age ages 25-54)  had both higher labor-force participation rates and higher rates of unemployment compared to teenagers.
B)   Adults of prime working age ages 25-54)  had higher labor-force participation rates and lower rates of unemployment compared to teenagers.
C)   Adults of prime working age ages 25-54)  had both lower labor-force participation rates and lower rates of unemployment compared to teenagers.
D)   Adults of prime working age ages 25-54)  had lower labor-force participation rates and higher rates of unemployment compared to teenagers.E) All of the above
F) A) and B)

Exam 15: Unemployment

Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?

Correct AnswerverifiedShow Answer

Tatiana is waiting to be recalled to a job from which she was laid off. Ivan was fired but has not looked for work during the last two months. Who does the Bureau of Labor Statistics count as "unemployed"?

Correct AnswerverifiedShow Answer

The natural rate of unemployment refers to the current unemployment rate.

Correct AnswerverifiedShow Answer

Within the U.S. population, women of prime working age ages 25-54) have similar rates of labor-force participation than men of prime working age ages 25-54), regardless of race.

Correct AnswerverifiedShow Answer

People who report being not in the labor force but who, in fact, want to work but have given up trying to find a job after an unsuccessful search cause the reported unemployment rate to be lower than it would otherwise be.

Correct AnswerverifiedShow Answer

From time to time, the demand for workers has risen in one region of the United States and fallen in another. This illustrates

Correct AnswerverifiedShow Answer

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Correct AnswerverifiedShow Answer

Cyclical unemployment refers to the year-to-year fluctuations in unemployment around its natural rate.

Correct AnswerverifiedShow Answer

Most spells of unemployment are short, and most unemployment observed at any given time is long-term.

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics' U­2 measure of joblessness includes job losers and job leavers.

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Which of the following is not correct?

Correct AnswerverifiedShow Answer

Minimum-wage laws affect all workers.

Correct AnswerverifiedShow Answer

In the U.S., it is illegal for employers to interfere when workers try to organize unions.

Correct AnswerverifiedShow Answer

More than 30 percent of U.S. workers leave their jobs in a typical month.

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Figure 28-3 -Refer to Figure 28-3. At the equilibrium wage, how many workers are employed?

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According to 2012 data on the U.S. population, which of the following groups of adults of prime working age ages 25-54) had the lowest unemployment rate?

Correct AnswerverifiedShow Answer

Some people who are employed or who are not making serious effort to find employment will report themselves as unemployed. Some people who want to find work will be counted as out of the labor force.

Correct AnswerverifiedShow Answer

According to 2012 data on the U.S. population, which of the following was correct?

Correct AnswerverifiedShow Answer

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no frictional unemployment.

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Table 28-4 2010 Labor Data for Adults ages 16 and older) in Meditor -Refer to Table 28-4. What is the adult population in Meditor?

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The Bureau of Labor Statistics' U2 measure of joblessness includes job losers and job leavers.

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