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Exam 20: Unemployment

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Question 321

Multiple Choice

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Efficiency wages create a labor

A) surplus and so increase unemployment.
B) surplus and so decrease unemployment.
C) shortage and so increase unemployment.
D) shortage and so decrease unemployment.

E) A) and D)
F) A) and C)

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Question 322

Multiple Choice

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Anna recently graduated from college with a degree in electrical engineering, but she has not yet started working. To be counted as "unemployed" she

A) does not have to have looked for work.
B) must have looked for work no more than a week ago.
C) must have looked for work no more than four weeks ago.
D) must have looked for work no more than twelve weeks ago.

E) B) and D)
F) A) and B)

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Question 323

True/False

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A firm might offer efficiency wages to reduce worker turnover and thereby reduce production costs.

There are always some workers without jobs, even when the overall economy is doing well.

Bob is looking for work after school, but everywhere he fills out an application, the managers say they always have a lot more applications than open positions. Tom has a law degree. Several firms have made him offers, but he thinks he might be able to find a firm where his talents could be put to better use.

In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million, a labor force of 154 million and employment of 141.6 million. Based on these numbers the unemployment rate was

Which of the following is a cause of the changing role of women in American society over the past several decades?

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

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

The BLS reports the U-6 measure of labor underutilization. Which of the following is how it computes U-6?

Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate sometimes is close to zero.

Sectoral shifts contribute to structural unemployment.

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor force of Tajnia in 2010 is 10,000.

Meredith is looking for work as a computer programmer. Although her prospects are good, she has not yet taken a job. Julie is looking for work in a steel mill. Every time she shows up for an interview, there are more people looking for work than there are openings. Someone waiting in line with her tells her it has been that way for a long time.

The labor-force participation rate tells us the fraction of the population that is able to participate in the labor market.

Every adult who was not employed during the previous four weeks is included in the Bureau of Labor Statistics' "unemployed" category.

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

Eric was laid off two months ago. He has not searched for other work because he is expecting to be recalled to work. The Bureau of Labor Statistics counts Eric as

Wanda quit her job because she was unhappy at work. Arnold was fired from his landscaping job because his company was downsizing. Who is eligible for unemployment insurance benefits?