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

Suppose that the adult population is 4 million,the number of unemployed is 0.25 million,and the labor-force participation rate is 75%.What is the unemployment rate?

Accepted Answer

A)   6.25%
B)   8.3%
C)   9.1%
D)   18.75%E) A) and B)
F) A) and C)

Question 3

Consider two people who are currently out of work.Tim is not looking for work because there have been many job cuts where he lives and he doesn't think it likely that he will find work.Bev is not currently looking for work,but she would like a job and she has looked for work in the past.The Bureau of Labor Statistics considers

Accepted Answer

A)   both Tim and Bev to be marginally attached workers.
B)   neither Tim nor Bev to be marginally attached workers.
C)   only Tim to be a marginally attached worker.
D)   only Bev to be a marginally attached worker.E) B) and C)
F) A) and D)

Question 4

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 participation rate in Meditor?

Accepted Answer

A)   38.1 percent
B)   61.9 percent
C)   66.7 percent
D)   95.2 percentE) All of the above
F) B) and C)

Question 5

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 4 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) All of the above
F) A) and D)

Question 6

The Bureau of Labor Statistics defines the labor force as the sum of the employed and the unemployed.

Accepted Answer

A) True 
 B)False

Question 7

Table 28-4
 
-Refer to Table 28-4.What is the U-5 measure of labor underutilization?

Accepted Answer

A)   7.5 percent
B)   7.9 percent
C)   8.1 percent
D)   26 percentE) A) and D)
F) B) and C)

Question 8

Efficiency wages create structural unemployment.

Accepted Answer

A) True 
 B)False

Question 9

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Accepted Answer

Causes of the increase in the U.S.women'...

Question 10

Table 28-4
 
-Refer to Table 28-4.What is the U-1 measure of labor underutilization?

Accepted Answer

A)   1.6 percent
B)   3.1 percent
C)   6.2 percent
D)   7.0 percentE) A) and D)
F) B) and C)

Question 11

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) All of the above
F) C) and D)

Question 12

Frictional unemployment is often thought to explain relatively short spells of unemployment.

Accepted Answer

A) True 
 B)False

Question 13

Unions contribute to

Accepted Answer

A)   structural unemployment but not the natural rate of unemployment.
B)   the natural rate of unemployment but not structural unemployment.
C)   both structural unemployment and the natural rate of unemployment.
D)   neither structural unemployment nor the natural rate of unemployment.E) A) and B)
F) C) and D)

Question 14

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 .98 million of whom were unemployed.What were the labor-force participation rate and the unemployment rate for this group?

Accepted Answer

A)   76.3% and 1.8%
B)   76.3% and 2.4%
C)   78.1% and 1.8%
D)   78.1% and 2.4%E) A) and B)
F) A) and C)

Question 15

Structural unemployment is often thought to explain relatively long spells of unemployment.

Accepted Answer

A) True 
 B)False

Question 16

In one year,you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year.What percentage of the unemployment spells you encountered was short-term,and what percentage of the unemployment you encountered in a given week was long-term?

Accepted Answer

A)   52 percent and 13.3 percent
B)   52 percent and 88.9 percent
C)   86.7 percent and 13.3 percent
D)   86.7 percent and 88.9 percentE) None of the above
F) A) and B)

Question 17

Unemployment insurance

Accepted Answer

A)   reduces search effort and raises unemployment.
B)   reduces search effort and lowers unemployment.
C)   increases search effort and raises unemployment.
D)   increases search effort and decreases unemployment.E) A) and B)
F) A) and C)

Question 18

Table 28-1
Labor Data for Wrexington
 
-Refer to Table 28-1.The labor force of Wrexington in 2004 was

Accepted Answer

A)   1400
B)   1600
C)   1800
D)   2000E) A) and D)
F) A) and C)

Question 19

In the U.S. ,the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Accepted Answer

A) True 
 B)False

Question 20

If an unemployed person quits looking for work,then,other things the same,the unemployment rate

Accepted Answer

A)   decreases and the labor-force participation rate is unaffected.
B)   and the labor-force participation rate both decrease.
C)   is unaffected and the labor-force participation rate decreases.
D)   and the labor-force participation rate are both unaffected.E) A) and D)
F) All of the above

Exam 28: Unemployment

Correct Answer
verified

In the U.S. ,the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Correct Answer
verified

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 .98 million of whom were unemployed.What were the labor-force participation rate and the unemployment rate for this group?

Correct Answer
verified

Efficiency wages create structural unemployment.

Correct Answer
verified

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

Correct Answer
verified

Unemployment insurance

Correct Answer
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In one year,you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year.What percentage of the unemployment spells you encountered was short-term,and what percentage of the unemployment you encountered in a given week was long-term?

Correct Answer
verified

Unions contribute to

Correct Answer
verified

If an unemployed person quits looking for work,then,other things the same,the unemployment rate

Correct Answer
verified

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

Correct Answer
verified

Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The labor force of Wrexington in 2004 was

Correct Answer
verified

Frictional unemployment is often thought to explain relatively short spells of unemployment.

Correct Answer
verified

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Correct Answer
verified
Causes of the increase in the U.S.women'...
View 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 participation rate in Meditor?

Correct Answer
verified

Structural unemployment is often thought to explain relatively long spells of unemployment.

Correct Answer
verified

Suppose that the adult population is 4 million,the number of unemployed is 0.25 million,and the labor-force participation rate is 75%.What is the unemployment rate?

Correct Answer
verified

Table 28-4 -Refer to Table 28-4.What is the U-1 measure of labor underutilization?

Correct Answer
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Table 28-4 -Refer to Table 28-4.What is the U-5 measure of labor underutilization?

Correct Answer
verified

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

Correct Answer
verified

The Bureau of Labor Statistics defines the labor force as the sum of the employed and the unemployed.

Correct Answer
verified

Exam 28: Unemployment

Correct AnswerverifiedShow Answer

In the U.S. ,the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Correct AnswerverifiedShow Answer

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 .98 million of whom were unemployed.What were the labor-force participation rate and the unemployment rate for this group?

Correct AnswerverifiedShow Answer

Efficiency wages create structural unemployment.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Unemployment insurance

Correct AnswerverifiedShow Answer

In one year,you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year.What percentage of the unemployment spells you encountered was short-term,and what percentage of the unemployment you encountered in a given week was long-term?

Correct AnswerverifiedShow Answer

Unions contribute to

Correct AnswerverifiedShow Answer

If an unemployed person quits looking for work,then,other things the same,the unemployment rate

Correct AnswerverifiedShow Answer

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

Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The labor force of Wrexington in 2004 was

Correct AnswerverifiedShow Answer

Frictional unemployment is often thought to explain relatively short spells of unemployment.

Correct AnswerverifiedShow Answer

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Correct AnswerverifiedCauses of the increase in the U.S.women'...View AnswerShow 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 participation rate in Meditor?

Correct AnswerverifiedShow Answer

Structural unemployment is often thought to explain relatively long spells of unemployment.

Correct AnswerverifiedShow Answer

Suppose that the adult population is 4 million,the number of unemployed is 0.25 million,and the labor-force participation rate is 75%.What is the unemployment rate?

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Table 28-4 -Refer to Table 28-4.What is the U-1 measure of labor underutilization?

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Table 28-4 -Refer to Table 28-4.What is the U-5 measure of labor underutilization?

Correct AnswerverifiedShow Answer

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

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The Bureau of Labor Statistics defines the labor force as the sum of the employed and the unemployed.

Correct AnswerverifiedShow Answer

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Causes of the increase in the U.S.women'...
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