Question 1

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) B) and D)
F) C) and D)

Question 2

Only paid workers are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 3

In 2009,based on concepts similar to those used to estimate U.S.employment figures,the Japanese adult non-institutionalized population was 110.272 million,the labor force was 65.362 million,and the number of people employed was 62.242 million.According to these numbers,the Japanese labor-force participation rate and unemployment rate were about

Accepted Answer

A)   56.4% and 2.8%.
B)   56.4% and 4.8%.
C)   59.3% and 2.8%.
D)   59.3% and 4.8%.E) B) and D)
F) None of the above

Question 4

Table 15-5
2010 Labor Data for Tajnia
 
-Refer to Table 15-5.The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Accepted Answer

A) True 
 B)False

Question 5

Table 15-4
 
-Refer to Table 15-4.What is the U-2 measure of labor underutilization?

Accepted Answer

A)   1.5 percent
B)   3.1 percent
C)   4.7 percent
D)   6.2 percentE) C) and D)
F) B) and C)

Question 6

Unions contribute to

Accepted Answer

A)   frictional but not structural unemployment.
B)   structural but not frictional unemployment.
C)   both frictional and structural unemployment.
D)   neither frictional nor structural unemployment.E) A) and C)
F) A) and B)

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Mary worked part-time for her mother's business without pay.Larry was absent from work because he had the flu.Who is counted as employed by the BLS?

Accepted Answer

A)   Mary but not Larry
B)   Larry but not Mary
C)   both Marry and Larry
D)   neither Mary nor LarryE) B) and D)
F) C) and D)

Question 9

Table 15-4
 
-Refer to Table 15-4.What is the U-4 measure of labor underutilization?

Accepted Answer

A)   6.5 percent
B)   6.9 percent
C)   7.0 percent
D)   17.9 percentE) A) and C)
F) None of the above

Question 10

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

Question 11

Which of the following is an example of an efficiency wage?

Accepted Answer

A)   a higher wage paid to a more experienced worker
B)   a below-equilibrium wage paid by a small business exempt from minimum-wage laws
C)   an above-equilibrium wage paid by a firm to reduce turnover costs
D)   a wage tied to participation in a government-sponsored job training programE) A) and D)
F) B) and C)

Question 12

Do economists believe that labor unions are good or bad for the U.S.economy?

Accepted Answer

Economists disagree.Critics argue that b...

Question 13

There is no easy way for policymakers to reduce the economy's natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

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

Question 15

Table 15-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 15-3.What is the adult unemployment rate in Meditor?

Accepted Answer

A)   4.2 percent
B)   6.25 percent
C)   6.7 percent
D)   10 percentE) All of the above
F) A) and C)

Question 16

Table 15-5
2010 Labor Data for Tajnia
 
-Refer to Table 15-5.The total adult population of Tajnia in 2010 is 30,000.

Accepted Answer

A) True 
 B)False

Question 17

Table 15-4
 
-Refer to Table 15-4.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) None of the above
F) B) and D)

Question 18

Right-to-work laws allow striking union members to be permanently replaced.

Accepted Answer

A) True 
 B)False

Question 19

Suppose that furniture factory worker are unionized.If these workers decide not to be unionized,

Accepted Answer

A)   the quantity of furniture factory workers demanded will rise.The supply of workers in other industries will also rise.
B)   the quantity of furniture factory workers demanded will rise.The supply of workers in other industries will fall.
C)   the quantity of furniture factory workers demanded will fall.The supply of workers in other industries will rise.
D)   the quantity of furniture factory workers demanded will fall.The supply of workers in other industries will also fall.E) A) and D)
F) B) and C)

Question 20

Public policy can reduce frictional unemployment.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

Table 15-4 -Refer to Table 15-4.What is the U-1 measure of labor underutilization?

Correct Answer
verified

Unions contribute to

Correct Answer
verified

Mary worked part-time for her mother's business without pay.Larry was absent from work because he had the flu.Who is counted as employed by the BLS?

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 labor-force participation rate?

Correct Answer
verified

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

Correct Answer
verified

Suppose that furniture factory worker are unionized.If these workers decide not to be unionized,

Correct Answer
verified

There is no easy way for policymakers to reduce the economy's natural rate of unemployment.

Correct Answer
verified

Only paid workers are included in the Bureau of Labor Statistics' "employed" category.

Correct Answer
verified

Table 15-5 2010 Labor Data for Tajnia -Refer to Table 15-5.The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Correct Answer
verified

Public policy can reduce frictional unemployment.

Correct Answer
verified

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

Correct Answer
verified

Which of the following is an example of an efficiency wage?

Correct Answer
verified

Table 15-5 2010 Labor Data for Tajnia -Refer to Table 15-5.The total adult population of Tajnia in 2010 is 30,000.

Correct Answer
verified

Right-to-work laws allow striking union members to be permanently replaced.

Correct Answer
verified

Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 15-3.What is the adult unemployment rate in Meditor?

Correct Answer
verified

Unions contribute to

Correct Answer
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Table 15-4 -Refer to Table 15-4.What is the U-2 measure of labor underutilization?

Correct Answer
verified

Do economists believe that labor unions are good or bad for the U.S.economy?

Correct Answer
verified
Economists disagree.Critics argue that b...
View Answer

Correct Answer
verified

Table 15-4 -Refer to Table 15-4.What is the U-4 measure of labor underutilization?

Correct Answer
verified

Exam 28: Unemployment

Table 15-4 -Refer to Table 15-4.What is the U-1 measure of labor underutilization?

Correct AnswerverifiedShow Answer

Unions contribute to

Correct AnswerverifiedShow Answer

Mary worked part-time for her mother's business without pay.Larry was absent from work because he had the flu.Who is counted as employed by the BLS?

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 labor-force participation rate?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Suppose that furniture factory worker are unionized.If these workers decide not to be unionized,

Correct AnswerverifiedShow Answer

There is no easy way for policymakers to reduce the economy's natural rate of unemployment.

Correct AnswerverifiedShow Answer

Only paid workers are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

Table 15-5 2010 Labor Data for Tajnia -Refer to Table 15-5.The unemployment rate of Tajnia in 2010 is about 18.4 percent.

Correct AnswerverifiedShow Answer

Public policy can reduce frictional unemployment.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is an example of an efficiency wage?

Correct AnswerverifiedShow Answer

Table 15-5 2010 Labor Data for Tajnia -Refer to Table 15-5.The total adult population of Tajnia in 2010 is 30,000.

Correct AnswerverifiedShow Answer

Right-to-work laws allow striking union members to be permanently replaced.

Correct AnswerverifiedShow Answer

Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 15-3.What is the adult unemployment rate in Meditor?

Correct AnswerverifiedShow Answer

Unions contribute to

Correct AnswerverifiedShow Answer

Table 15-4 -Refer to Table 15-4.What is the U-2 measure of labor underutilization?

Correct AnswerverifiedShow Answer

Do economists believe that labor unions are good or bad for the U.S.economy?

Correct AnswerverifiedEconomists disagree.Critics argue that b...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Table 15-4 -Refer to Table 15-4.What is the U-4 measure of labor underutilization?

Correct AnswerverifiedShow Answer

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Economists disagree.Critics argue that b...
View Answer

Correct Answer
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Correct Answer
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