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Exam 23: Unemployment

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Question 31

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The labour force equals the

A) Number of people employed.
B) Number of people employed plus the number of people unemployed.
C) Number of people employed plus the number of people unemployed plus teenagers between ages 14 and 16 who work at least 10 hours a week.
D) Adult population.

E) A) and B)
F) A) and C)

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Question 32

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If the number of people in work rises we can be certain that the unemployment rate falls.

A) True
B) False

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Question 33

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It is difficult for cyclically unemployed persons to find jobs because

Why does unemployment impose a cost to the economy and society as a whole?

Which of the following is not a reason economies experience structural unemployment?

A miner who has been unable to find work for so long that he has stopped looking for work is considered to be

Since unemployment rates are consistently higher in some EU countries like Spain and Greece than in Germany, it appears that the natural rate of unemployment is lower in Germany. What might explain this difference?

How can both the employment and the unemployment rate both rise in an economy?

Fill in the blank entries in the table. Population data in thousands. $\begin{array}{|c|c|c|c|c|c|c|}\hline \text { Country } & \begin{array}{c}\text { Adult } \\\text { Population }\end{array} & \begin{array}{c}\text { Labour } \\\text { Force }\end{array} & \text { Employed } & \text { Unemployed } & \begin{array}{c}\text { Unemployment } \\\text { Rate }\end{array} & \begin{array}{c}\text { Labour-Force } \\\text { Participation } \\\text { Rate }\end{array} \\\hline \mathrm{A} & 109,474 & & 62,510 & 3,500 & & \\\hline \mathrm{B} & & 26,870 & & 2,577 & & 57.41 \\\hline \mathrm{C} & 70,159 & 39,591 & & & 9.69 & \\\hline\end{array}$

Whenever the wage rises above the competitive equilibrium, regardless of the source, the result is additional unemployment.

Unions might increase efficiency in the case where they

A union is a labour cartel.

Which of the following causes of unemployment is associated with a wage rate above the market equilibrium level?

Some frictional unemployment is inevitable because

Robert recently completed his university degree and is entering the labour market for the first time. He has been submitting applications and has been interviewed twice in the last two weeks, but so far has not found a job. Robert could be classified as

Which of the following is a cost of unemployment to the individual?

Suppose some country had an adult population of about 46 million, a labour-force participation rate of 75 percent, and an unemployment rate of 8 percent. How many people were employed?

The natural rate of unemployment is the amount of unemployment that won't go away on its own, even in the long run.

The amount of _____ _____increases when the economy goes into a recession and decreases when the economy goes into an expansion.

The presence of a union tends to raise the wage for insiders and lower the wage for outsiders.