Question 1

The Bureau of Labor Statistics' household survey and establishment survey both yield the same results about total employment.

Accepted Answer

A) True 
 B)False

Question 2

Minimum-wage laws are one reason there is always some unemployment in the U.S. economy.

Accepted Answer

A) True 
 B)False

Question 3

A survey showed that in each of the past 12 months there was one person who was unemployed who worked in all other months. There were also two people who were unemployed for all 12 months. What percentage of the unemployment spells during the year was short-term, and what percentage of the unemployment in a given month was long-term?

Accepted Answer

A)   75 percent and 33.3 percent
B)   75 percent and 66.7 percent
C)   85.7 percent and 33.3 percent
D)   85.7 percent and 66.7 percentE) None of the above
F) B) and C)

Question 4

According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19)  had the lowest labor-force participation rate?

Accepted Answer

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

Question 5

The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed.

Accepted Answer

A) True 
 B)False

Question 6

Today, unions play a larger role in Europe than they do in the U.S.

Accepted Answer

A) True 
 B)False

Question 7

The Wagner Act of 1935

Accepted Answer

A)   prevents unions from acting as cartels.
B)   allows workers joining a unionized firm to choose not to join the union.
C)   prevents employers from interfering when workers try to organize a union.
D)   prevents firms from hiring permanent replacements for workers who are on strike.E) A) and B)
F) A) and C)

Question 8

In June 2009 the BLS reported an adult population of 234.9 million, unemployment of 12.4 million, and employment of 141.6 million. Based on these numbers the labor-force participation rate was

Accepted Answer

A)   154/234.9.
B)   141.6/234.9.
C)   141.6/154.
D)   None of the above are correct.E) All of the above
F) A) and C)

Question 9

Causes of the decline in the U.S. men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did, older men now retiring earlier and living longer, and more fathers now staying at home to raise their children.

Accepted Answer

A) True 
 B)False

Question 10

Advocates of unions contend that unions are a necessary antidote to the market power of the firms that hire workers and that unions are important for helping firms respond efficiently to workers' concerns.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Table 10-3
2010 Labor Data for Adults (age 16 and older)  in Meditor
 
-Refer to Table 10-3. 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) C) and D)
F) A) and B)

Question 13

Which of the following both make a firm more likely to pay efficiency wages?

Accepted Answer

A)   it is easy to judge the quality of applicants and after workers have worked for the firm a while they tend not to look for other jobs
B)   it is easy to judge the quality of applicants and after workers have worked for the firm a while they tend to look for other jobs
C)   it is difficult to judge the quality of applicants and after workers have worked for the firm a while they tend not to look for other jobs
D)   it is difficult to judge the quality of applicants and after workers have worked for the firm a while they tend to look for other jobsE) A) and C)
F) All of the above

Question 14

An economy's natural rate of unemployment refers to the amount of unemployment that the economy normally experiences.

Accepted Answer

A) True 
 B)False

Question 15

According to 2009 data on the U.S. population which of the following was correct?

Accepted Answer

A)   Adults had higher labor-force participation rates and higher rates of unemployment compared to teenagers.
B)   Adults had higher labor-force participation rates and lower rates of unemployment compared to teenagers.
C)   Adults had lower labor-force participation rates and lower rates of unemployment compared to teenagers.
D)   Adults had lower labor-force participation rates and higher rates of unemployment compared to teenagers.E) B) and D)
F) A) and C)

Question 16

Other things the same, an increase in wages above their equilibrium level

Accepted Answer

A)   increases frictional unemployment but leaves the natural rate of unemployment unchanged.
B)   increases frictional unemployment and increases the natural rate of unemployment.
C)   increases structural unemployment but leaves the natural rate of unemployment unchanged.
D)   increases structural unemployment and increases the natural rate of unemployment.E) B) and D)
F) B) and C)

Question 17

Which of the following is not one of the categories into which the Bureau of Labor Statistics places each adult of each surveyed household?

Accepted Answer

A)   employed
B)   unemployed
C)   underemployed
D)   not in the labor forceE) C) and D)
F) A) and C)

Question 18

According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older)  had the highest unemployment rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) All of the above
F) B) and D)

Question 19

Sectoral shifts contribute to structural unemployment.

Accepted Answer

A) True 
 B)False

Question 20

Table 10-2
2009 Labor Data for Baltivia
 
-Refer to Table 10-2. How many adults were not in Baltivia's labor force in 2009?

Accepted Answer

A)   4,400
B)   6,620
C)   7,400
D)   8,690E) All of the above
F) A) and B)

Exam 10: Unemployment

Causes of the decline in the U.S. men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did, older men now retiring earlier and living longer, and more fathers now staying at home to raise their children.

Correct Answer
verified

Other things the same, an increase in wages above their equilibrium level

Correct Answer
verified

The Wagner Act of 1935

Correct Answer
verified

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

Correct Answer
verified

According to 2009 data on the U.S. population which of the following was correct?

Correct Answer
verified

Advocates of unions contend that unions are a necessary antidote to the market power of the firms that hire workers and that unions are important for helping firms respond efficiently to workers' concerns.

Correct Answer
verified

Minimum-wage laws are one reason there is always some unemployment in the U.S. economy.

Correct Answer
verified

Which of the following is not one of the categories into which the Bureau of Labor Statistics places each adult of each surveyed household?

Correct Answer
verified

Today, unions play a larger role in Europe than they do in the U.S.

Correct Answer
verified

Correct Answer
verified

Sectoral shifts contribute to structural unemployment.

Correct Answer
verified

Table 10-2 2009 Labor Data for Baltivia -Refer to Table 10-2. How many adults were not in Baltivia's labor force in 2009?

Correct Answer
verified

The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed.

Correct Answer
verified

An economy's natural rate of unemployment refers to the amount of unemployment that the economy normally experiences.

Correct Answer
verified

According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older) had the highest unemployment rate?

Correct Answer
verified

The Bureau of Labor Statistics' household survey and establishment survey both yield the same results about total employment.

Correct Answer
verified

According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the lowest labor-force participation rate?

Correct Answer
verified

In June 2009 the BLS reported an adult population of 234.9 million, unemployment of 12.4 million, and employment of 141.6 million. Based on these numbers the labor-force participation rate was

Correct Answer
verified

Which of the following both make a firm more likely to pay efficiency wages?

Correct Answer
verified

Table 10-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 10-3. What is the adult female labor-force participation rate in Meditor?

Correct Answer
verified

Exam 10: Unemployment

Correct AnswerverifiedShow Answer

Other things the same, an increase in wages above their equilibrium level

Correct AnswerverifiedShow Answer

The Wagner Act of 1935

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

According to 2009 data on the U.S. population which of the following was correct?

Correct AnswerverifiedShow Answer

Advocates of unions contend that unions are a necessary antidote to the market power of the firms that hire workers and that unions are important for helping firms respond efficiently to workers' concerns.

Correct AnswerverifiedShow Answer

Minimum-wage laws are one reason there is always some unemployment in the U.S. economy.

Correct AnswerverifiedShow Answer

Which of the following is not one of the categories into which the Bureau of Labor Statistics places each adult of each surveyed household?

Correct AnswerverifiedShow Answer

Today, unions play a larger role in Europe than they do in the U.S.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Sectoral shifts contribute to structural unemployment.

Correct AnswerverifiedShow Answer

Table 10-2 2009 Labor Data for Baltivia -Refer to Table 10-2. How many adults were not in Baltivia's labor force in 2009?

Correct AnswerverifiedShow Answer

The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed.

Correct AnswerverifiedShow Answer

An economy's natural rate of unemployment refers to the amount of unemployment that the economy normally experiences.

Correct AnswerverifiedShow Answer

According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older) had the highest unemployment rate?

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics' household survey and establishment survey both yield the same results about total employment.

Correct AnswerverifiedShow Answer

According to 2009 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the lowest labor-force participation rate?

Correct AnswerverifiedShow Answer

In June 2009 the BLS reported an adult population of 234.9 million, unemployment of 12.4 million, and employment of 141.6 million. Based on these numbers the labor-force participation rate was

Correct AnswerverifiedShow Answer

Which of the following both make a firm more likely to pay efficiency wages?

Correct AnswerverifiedShow Answer

Table 10-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 10-3. What is the adult female labor-force participation rate in Meditor?

Correct AnswerverifiedShow Answer

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