Question 1

Unemployment insurance increases frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 2

Figure 10-1
 
-Refer to Figure 10-1. If the government imposes a minimum wage of $4, then how many workers will be employed?

Accepted Answer

A)   3000
B)   4000
C)   5000
D)   7000E) All of the above
F) C) and D)

Question 3

Public policy

Accepted Answer

A)   can reduce both frictional unemployment and the natural rate of unemployment.
B)   can reduce frictional unemployment, but it cannot reduce the natural rate of unemployment.
C)   cannot reduce frictional unemployment, but it can reduce the natural rate of unemployment.
D)   cannot reduce either frictional unemployment or the natural rate of unemployment.E) None of the above
F) All of the above

Question 4

Who of the following would necessarily be included in the Bureau of Labor Statistics' "unemployed" category?

Accepted Answer

A)   Lisa, who did not work during the previous 4 weeks
B)   Julie, who tried to find new employment during the previous 4 weeks
C)   Robert, who was an unpaid worker during the previous 4 weeks
D)   None of the above is correct.E) C) and D)
F) B) and D)

Question 5

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Accepted Answer

A) True 
 B)False

Question 6

The unemployment rate equals the percentage of the adult population that is unemployed.

Accepted Answer

A) True 
 B)False

Question 7

Data on the unemployment rate in the U.S. since 1960 show that the economy always has some unemployment and that the amount changes from year to year.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A)   4.8 percent
B)   5 percent
C)   7.1 percent
D)   7.7 percentE) A) and D)
F) None of the above

Question 9

Rfer to Labor
Labor Force Statistics by Age.
Suppose people in the adult population in a small country are classified based on their age.
 
-Refer to Labor Force Statistics by Age. Suppose that the natural rate of unemployment is 5% for those under 55 and 3% for those 55 and older. The cyclical unemployment rate for those under 55 is

Accepted Answer

A)   .88% which is greater than the cyclical unemployment rate for those 55 and older.
B)   .88% which is less than the cyclical unemployment rate for those 55 and older.
C)   -.83% which is greater than the cyclical unemployment rate for those 55 and older.
D)   -.83% which is less than the cyclical unemployment rate for those 55 and older.E) C) and D)
F) B) and C)

Question 10

When a union bargains successfully with employers, in that industry,

Accepted Answer

A)   both the quantity of labor supplied and the quantity of labor demanded increase.
B)   both the quantity of labor supplied and the quantity of labor demanded decrease.
C)   the quantity of labor supplied increases and the quantity of labor demanded decreases.
D)   the quantity of labor demanded increases and the quantity of labor supplied decreases.E) None of the above
F) All of the above

Question 11

Minimum wages are the predominant reason for unemployment in the U.S. economy.

Accepted Answer

A) True 
 B)False

Question 12

Why might a favorable change in the economy, such as technological improvement or a decrease in the price of imported oil, be associated with an increase in frictional unemployment?

Accepted Answer

Even generally favorable changes will us...

Question 13

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed?

Accepted Answer

A)   anyone who is not employed
B)   anyone who is not employed, is available for work, and has looked for work in the past 4 weeks
C)   anyone who is not employed, is available for work, has looked for work in the past 4 weeks, and anyone who is waiting to be recalled from a job from which they have been laid off
D)   anyone who is not employed, is available for work, has looked for work in the past 4 weeks, anyone who is waiting to be recalled from a job from which they have been laid off, and anyone who is employed part time and has searched for full time employment in the past 4 weeksE) B) and C)
F) C) and D)

Question 14

Arnold quit his job because he was unhappy at work. Michael was fired because he frequently came to work late. Who is eligible for unemployment insurance benefits?

Accepted Answer

A)   both Arnold and Michael
B)   Arnold but not Michael
C)   Michael but not Arnold
D)   neither Arnold nor MichaelE) A) and B)
F) C) and D)

Question 15

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are not eligible for unemployment insurance.

Accepted Answer

A) True 
 B)False

Question 16

According to the theory of efficiency wages, firms operate more efficiently if wages are below the equilibrium level.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Just after World War II, the labor-force participation rate of men was

Accepted Answer

A)   about 33 percent, and in 2009, it was about 50 percent.
B)   about 50 percent, and in 2009, it was about 60 percent.
C)   about 65 percent, and in 2009, it was about 60 percent.
D)   about 87 percent, and in 2009, it was about 72 percent.E) All of the above
F) B) and D)

Question 19

Matt is waiting to be recalled to a job from which he was laid off. David was fired but hasn't looked for work during the last two months. Who does the BLS count as unemployed?

Accepted Answer

A)   Matt but not David
B)   David but not Matt
C)   both David and Matt
D)   neither David nor MattE) All of the above
F) B) and C)

Question 20

A union is an employer association that bargains with workers over wages, benefits, and working conditions.

Accepted Answer

A) True 
 B)False

Exam 10: Unemployment

Data on the unemployment rate in the U.S. since 1960 show that the economy always has some unemployment and that the amount changes from year to year.

Correct Answer
verified

Figure 10-1 -Refer to Figure 10-1. If the government imposes a minimum wage of $4, then how many workers will be employed?

Correct Answer
verified

Minimum wages are the predominant reason for unemployment in the U.S. economy.

Correct Answer
verified

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed?

Correct Answer
verified

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Correct Answer
verified

Who of the following would necessarily be included in the Bureau of Labor Statistics' "unemployed" category?

Correct Answer
verified

According to the theory of efficiency wages, firms operate more efficiently if wages are below the equilibrium level.

Correct Answer
verified

The unemployment rate equals the percentage of the adult population that is unemployed.

Correct Answer
verified

Public policy

Correct Answer
verified

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are not eligible for unemployment insurance.

Correct Answer
verified

Just after World War II, the labor-force participation rate of men was

Correct Answer
verified

Matt is waiting to be recalled to a job from which he was laid off. David was fired but hasn't looked for work during the last two months. Who does the BLS count as unemployed?

Correct Answer
verified

Correct Answer
verified

Arnold quit his job because he was unhappy at work. Michael was fired because he frequently came to work late. Who is eligible for unemployment insurance benefits?

Correct Answer
verified

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

Correct Answer
verified

When a union bargains successfully with employers, in that industry,

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 unemployment rate in Meditor?

Correct Answer
verified

A union is an employer association that bargains with workers over wages, benefits, and working conditions.

Correct Answer
verified

Why might a favorable change in the economy, such as technological improvement or a decrease in the price of imported oil, be associated with an increase in frictional unemployment?

Correct Answer
verified
Even generally favorable changes will us...
View Answer

Unemployment insurance increases frictional unemployment.

Correct Answer
verified

Exam 10: Unemployment

Data on the unemployment rate in the U.S. since 1960 show that the economy always has some unemployment and that the amount changes from year to year.

Correct AnswerverifiedShow Answer

Figure 10-1 -Refer to Figure 10-1. If the government imposes a minimum wage of $4, then how many workers will be employed?

Correct AnswerverifiedShow Answer

Minimum wages are the predominant reason for unemployment in the U.S. economy.

Correct AnswerverifiedShow Answer

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed?

Correct AnswerverifiedShow Answer

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

Correct AnswerverifiedShow Answer

Who of the following would necessarily be included in the Bureau of Labor Statistics' "unemployed" category?

Correct AnswerverifiedShow Answer

According to the theory of efficiency wages, firms operate more efficiently if wages are below the equilibrium level.

Correct AnswerverifiedShow Answer

The unemployment rate equals the percentage of the adult population that is unemployed.

Correct AnswerverifiedShow Answer

Public policy

Correct AnswerverifiedShow Answer

The unemployed who quit their jobs, were fired for cause, or just entered the labor force are not eligible for unemployment insurance.

Correct AnswerverifiedShow Answer

Just after World War II, the labor-force participation rate of men was

Correct AnswerverifiedShow Answer

Matt is waiting to be recalled to a job from which he was laid off. David was fired but hasn't looked for work during the last two months. Who does the BLS count as unemployed?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Arnold quit his job because he was unhappy at work. Michael was fired because he frequently came to work late. Who is eligible for unemployment insurance benefits?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

When a union bargains successfully with employers, in that industry,

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 unemployment rate in Meditor?

Correct AnswerverifiedShow Answer

A union is an employer association that bargains with workers over wages, benefits, and working conditions.

Correct AnswerverifiedShow Answer

Why might a favorable change in the economy, such as technological improvement or a decrease in the price of imported oil, be associated with an increase in frictional unemployment?

Correct AnswerverifiedEven generally favorable changes will us...View AnswerShow Answer

Unemployment insurance increases frictional unemployment.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Even generally favorable changes will us...
View Answer

Correct Answer
verified