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Exam 15: Unemployment

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Question 121

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Right-to-work laws

A) guarantee workers the right to form unions.
B) give workers in a unionized firm the right to choose whether to join the union.
C) prevent employers from hiring permanent replacements for workers who are on strike.
D) prevent workers from being fired because of increases in wages brought about by collective bargaining.

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

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Question 122

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Unions contribute to

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

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Question 123

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Public policy can reduce the economy's natural rate of unemployment.

Both full-time and part-time workers are included in the Bureau of Labor Statistics' "employed" category.

Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months. Other things the same, the unemployment rate

Some persons are counted as out of the labor force because they have made no serious or recent effort to look for work. However, some of these individuals may want to work even though they are too discouraged to make a serious effort to look for work. If these individuals were counted as unemployed instead of out of the labor force, then

The natural rate of unemployment is the desirable rate of unemployment for an economy.

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

Table 15-4 $\begin{array}{|l|l|}\hline \text { Civilian labor force } & 100 \text { million } \\\hline \text { Persons unemployed } 15 \text { weeks or longer } & 1.6 \text { million } \\\hline \text { Job losers and persons who have completed temporary jobs (excludes job leavers) } & 3.1 \text { million } \\\hline \text { Total unemployed } & 6.2 \text { million } \\\hline \text { Total unemployed plus discouraged workers } & 7.0 \text { million } \\\hline \text { Total unemployed plus all marginally attached workers } & 8.1 \text { million } \\\hline \begin{array}{l}\text { Total unemployed plus all marginally attached workers plus total employed part-time for } \\\text { economic reasons }\end{array} & 9.2 \text { million } \\\hline\end{array}$ -Refer to Table 15-4. What is the U-5 measure of labor underutilization?

Satchel loses his job and immediately begins looking for another. Other things the same, the unemployment rate

Workers in unions reap the benefit of collective bargaining, while workers not in unions bear some of the cost.

Economists have found that union workers earn about 30 to 40 percent more than similar workers who do not belong to unions.

The labor force minus the number of employed equals the number of unemployed.

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a surplus of labor.

Economists have found that union workers earn what percent more than similar nonunion workers?

Table 15-2 2009 Labor Data for Baltivia $\begin{array}{|l|l}\hline \text { Number of adults } & 20,000 \\\hline \text { Number of adults who are paid employees } & 8,000 \\\hline \text { Number of adults who work in their own businesses } & 1,600 \\\hline \text { Number of adults who are unpaid workers in a family member's business } & 1,000 \\\hline \text { Number of adults who were temporarily absent from their jobs because of an earthquake } & 400 \\\hline \text { Number of adults who were waiting to be recalled to a job from which they had been laid off } & 200 \\\hline \begin{array}{l}\text { Number of adults who do not have a job, are available for work, and have tried to find a job } \\\text { within the past four weeks }\end{array} & 1,400 \\\hline \begin{array}{l}\text { Number of adults who do not have a job, are available for work, but have not tried to find a job } \\\text { within the past four weeks }\end{array} & 780 \\\hline \text { Number of adults who are full-time students } & 3,000 \\\hline \text { Number of adults who are homemakers or retirees } & 3,620\end{array}$ -Refer to Table 15-2. What was Baltivia's unemployment rate in 2009?

Which of the following is correct?

In the 1990's Ireland made unemployment benefits less generous. This change would likely have

Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. If these persons were counted as employed, then

Economists would predict that, other things the same, the more generous unemployment compensation a country has,