Question 1

For the Bureau of Labor Statistics to place someone in the "unemployed" category,that person must

Accepted Answer

A)   be available for work.
B)   have tried to find employment during the previous week.
C)   have previously been employed.
D)   All of the above are correct.E) A) and B)
F) A) and C)

Question 2

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 3

Figure 28-1 
-Refer to Figure 28-1.If the government imposes a minimum wage of $4,then how many workers will be unemployed?

Accepted Answer

A)   0
B)   3000
C)   4000
D)   7000E) A) and D)
F) C) and D)

Question 4

If the wage is kept above the equilibrium level because of minimum-wage laws,then the result is unemployment;if the wage is kept above the equilibrium level for some other reason,the result need not be unemployment.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is correct for people ages 20 and over?

Accepted Answer

A)   Men have lower rates of labor-force participation and similar rates of unemployment compared to women.
B)   Men have lower rates of labor-force participation and higher rates of unemployment compared to women.
C)   Women have lower rates of labor-force participation and higher rates of unemployment compared to men.
D)   Women have lower rates of labor-force participation and similar rates of unemployment compared to men.E) A) and B)
F) A) and C)

Question 6

In 2004,based on concepts similar to those used to estimate U.S.employment figures,the Italian adult non-institutionalized population was 45.020 million,the labor force was 24.065 million,and the number of people employed was 22.105 million.According to these numbers,the Italian labor-force participation rate and unemployment rate were about

Accepted Answer

A)   49.1% and 4.4%.
B)   49.1% and 8.1%.
C)   53.5% and 4.4%.
D)   53.5% and 8.1%.E) None of the above
F) C) and D)

Question 7

Acarapi is a full-time homemaker not currently searching for other work.Ximena is a full-time student who is not looking for a job.Who is included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

A)   only Acarapi
B)   only Ximena
C)   both Acarapi and Ximena
D)   neither Acarapi nor XimenaE) A) and B)
F) B) and D)

Question 8

Table 28-3
2003 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 28-3.What is the adult male labor force in Meditor?

Accepted Answer

A)   50 million
B)   85 million
C)   90 million
D)   130 millionE) A) and B)
F) All of the above

Question 9

Table 28-1
Labor Data for Wrexington
 
-Refer to Table 28-1.The number of adults not in the labor force of Wrexington in 2005 was

Accepted Answer

A)   600
B)   1100
C)   1700
D)   2400E) All of the above
F) A) and B)

Question 10

Measuring unemployment is the job of the Bureau of Labor Statistics.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

The theory of efficiency wages provides a possible explanation as to why

Accepted Answer

A)   workers form unions.
B)   firms should try to reduce surpluses of labor.
C)   firms may be inclined to keep their workers' wages above the equilibrium level.
D)   firms may be inclined to keep their workers' wages below the equilibrium level.E) B) and D)
F) A) and B)

Question 13

Which of the following is not correct?

Accepted Answer

A)   Frictional unemployment results from the process of matching workers and jobs.
B)   Structural unemployment results when the number of jobs is insufficient for the number of workers.
C)   Minimum wages are the predominant reason for unemployment in the U.S.economy.
D)   When a minimum-wage law forces the wage to remain above the level that balances supply and demand,it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.E) All of the above
F) A) and C)

Question 14

Stay-at-home fathers are included in the Bureau of Labor Statistics' "unemployed" category.

Accepted Answer

A) True 
 B)False

Question 15

Spells of unemployment end about

Accepted Answer

A)   1/5 of the time with the person leaving the labor force.
B)   1/4 of the time with the person leaving the labor force.
C)   1/3 of the time with the person leaving the labor force.
D)   1/2 of the time with the person leaving the labor force.E) None of the above
F) C) and D)

Question 16

Policies that reduce the time it takes unemployed workers to find new jobs

Accepted Answer

A)   can reduce both frictional unemployment and the natural rate of unemployment.
B)   can reduce frictional unemployment,but it cannot reduce the natural rate of unemployment.
C)   cannot reduce frictional unemployment,but it can reduce the natural rate of unemployment.
D)   cannot reduce either frictional unemployment or the natural rate of unemployment.E) B) and C)
F) A) and D)

Question 17

Table 28-3
2003 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 28-3.What is the adult female labor force in Meditor?

Accepted Answer

A)   40 million
B)   65 million
C)   70 million
D)   100 millionE) A) and C)
F) C) and D)

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Figure 28-1 
-Refer to Figure 28-1.If the government imposes a minimum wage of $4,then employment will decrease by

Accepted Answer

A)   0 workers.
B)   2000 workers.
C)   3000 workers.
D)   4000 workers.E) B) and D)
F) B) and C)

Question 20

A person who is counted as unemployed by the Bureau of Labor Statistics

Accepted Answer

A)   is also in the labor force.
B)   must have recently looked for work or be on temporary layoff.
C)   be at least 16 years old.
D)   All of the above are correct.E) A) and D)
F) B) and D)

Exam 28: Unemployment

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

Correct Answer
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Table 28-3 2003 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 28-3.What is the adult female labor force in Meditor?

Correct Answer
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A person who is counted as unemployed by the Bureau of Labor Statistics

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

Correct Answer
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Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The number of adults not in the labor force of Wrexington in 2005 was

Correct Answer
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If the wage is kept above the equilibrium level because of minimum-wage laws,then the result is unemployment;if the wage is kept above the equilibrium level for some other reason,the result need not be unemployment.

Correct Answer
verified

For the Bureau of Labor Statistics to place someone in the "unemployed" category,that person must

Correct Answer
verified

Stay-at-home fathers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
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Figure 28-1 -Refer to Figure 28-1.If the government imposes a minimum wage of $4,then employment will decrease by

Correct Answer
verified

Table 28-3 2003 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 28-3.What is the adult male labor force in Meditor?

Correct Answer
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Acarapi is a full-time homemaker not currently searching for other work.Ximena is a full-time student who is not looking for a job.Who is included in the labor force by the Bureau of Labor Statistics?

Correct Answer
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Which of the following is not correct?

Correct Answer
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Spells of unemployment end about

Correct Answer
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The theory of efficiency wages provides a possible explanation as to why

Correct Answer
verified

Which of the following is correct for people ages 20 and over?

Correct Answer
verified

Figure 28-1 -Refer to Figure 28-1.If the government imposes a minimum wage of $4,then how many workers will be unemployed?

Correct Answer
verified

Policies that reduce the time it takes unemployed workers to find new jobs

Correct Answer
verified

Measuring unemployment is the job of the Bureau of Labor Statistics.

Correct Answer
verified

Exam 28: Unemployment

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

Correct AnswerverifiedShow Answer

Table 28-3 2003 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 28-3.What is the adult female labor force in Meditor?

Correct AnswerverifiedShow Answer

A person who is counted as unemployed by the Bureau of Labor Statistics

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The number of adults not in the labor force of Wrexington in 2005 was

Correct AnswerverifiedShow Answer

If the wage is kept above the equilibrium level because of minimum-wage laws,then the result is unemployment;if the wage is kept above the equilibrium level for some other reason,the result need not be unemployment.

Correct AnswerverifiedShow Answer

For the Bureau of Labor Statistics to place someone in the "unemployed" category,that person must

Correct AnswerverifiedShow Answer

Stay-at-home fathers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Figure 28-1 -Refer to Figure 28-1.If the government imposes a minimum wage of $4,then employment will decrease by

Correct AnswerverifiedShow Answer

Table 28-3 2003 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 28-3.What is the adult male labor force in Meditor?

Correct AnswerverifiedShow Answer

Acarapi is a full-time homemaker not currently searching for other work.Ximena is a full-time student who is not looking for a job.Who is included in the labor force by the Bureau of Labor Statistics?

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

Spells of unemployment end about

Correct AnswerverifiedShow Answer

The theory of efficiency wages provides a possible explanation as to why

Correct AnswerverifiedShow Answer

Which of the following is correct for people ages 20 and over?

Correct AnswerverifiedShow Answer

Figure 28-1 -Refer to Figure 28-1.If the government imposes a minimum wage of $4,then how many workers will be unemployed?

Correct AnswerverifiedShow Answer

Policies that reduce the time it takes unemployed workers to find new jobs

Correct AnswerverifiedShow Answer

Measuring unemployment is the job of the Bureau of Labor Statistics.

Correct AnswerverifiedShow Answer

Correct Answer
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