Question 1

People who are unemployed because of job search are best classified as

Accepted Answer

A)  cyclically unemployed.
B)  structurally unemployed.
C)  frictionally unemployed.
D)  discouraged workers.E) All of the above
F) None of the above

Question 2

The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for more narrowly defined groups.

Accepted Answer

A) True 
 B)False

Question 3

There are always some workers without jobs, even when the overall economy is doing well.

Accepted Answer

A) True 
 B)False

Question 4

Efficiency wages create a labor

Accepted Answer

A)  surplus and so increase unemployment.
B)  surplus and so decrease unemployment.
C)  shortage and so increase unemployment.
D)  shortage and so decrease unemployment.E) All of the above
F) C) and D)

Question 5

Which of the following does not help reduce frictional unemployment?

Accepted Answer

A)  government-run employment agencies
B)  public training programs
C)  unemployment insurance
D)  All of the above help reduce frictional unemployment.E) All of the above
F) B) and D)

Question 6

Within the U.S. population, women ages 20 and older have lower rates of labor-force participation than men.

Accepted Answer

A) True 
 B)False

Question 7

The demand for labor by a certain firm fluctuates as the demand for that firm's product fluctuates.

Accepted Answer

A) True 
 B)False

Question 8

Unemployment insurance reduces the incentive for the unemployed to find and take new jobs.

Accepted Answer

A) True 
 B)False

Question 9

The unemployment rate is computed as the number of unemployed

Accepted Answer

A)  divided by the labor force, all times 100.
B)  divided by the number of employed, all times 100.
C)  divided by the adult population, all times 100.
D)  times the labor-force participation rate, all times 100.E) B) and C)
F) A) and D)

Question 10

Suppose that neither textile workers nor shoemakers are unionized. If textile workers unionize, then the supply of shoemakers will

Accepted Answer

A)  rise and their wages will rise.
B)  rise and their wages will fall.
C)  fall and their wages will fall.
D)  fall and their wages will rise.E) B) and D)
F) All of the above

Question 11

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) None of the above
F) C) and D)

Question 12

The Bureau of Labor Statistics' U-3 measure of joblessness is the official unemployment rate.

Accepted Answer

A) True 
 B)False

Question 13

More than three-fourths of the unemployed are recent entrants into the labor force.

Accepted Answer

A) True 
 B)False

Question 14

Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

Accepted Answer

A) True 
 B)False

Question 15

A minimum wage that is below the equilibrium wage rate does not raise unemployment.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for more narrowly defined groups.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is not correct?

Accepted Answer

A)  Unions are exempt from U.S. antitrust laws.
B)  The Wagner Act of 1935 prevents U.S. employers from interfering when workers try to organize unions.
C)  The National Labor Relations Board is the U.S. government agency that enforces workers' right to unionize.
D)  Right-to-work laws prevent firms from hiring permanent replacements for workers who are on strike.E) C) and D)
F) All of the above

Question 19

Marginally attached workers are people who

Accepted Answer

A)  are looking for a better job than they currently have.
B)  are not working and are not looking for work, but would work if asked.
C)  are working part-time while they go to school or get training for a better job.
D)  are only a few years from retirement.E) C) and D)
F) A) and D)

Question 20

Of the following groups, who is eligible for unemployment insurance benefits?

Accepted Answer

A)  the unemployed who quit their jobs
B)  the unemployed who were laid off because their previous employers no longer needed their skills
C)  the unemployed who were fired for cause
D)  the unemployed who just entered the labor forceE) A) and B)
F) B) and D)

Exam 15: Unemployment

The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for more narrowly defined groups.

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People who are unemployed because of job search are best classified as

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A minimum wage that is below the equilibrium wage rate does not raise unemployment.

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Marginally attached workers are people who

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More than three-fourths of the unemployed are recent entrants into the labor force.

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There are always some workers without jobs, even when the overall economy is doing well.

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Which of the following is not correct?

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The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for more narrowly defined groups.

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Within the U.S. population, women ages 20 and older have lower rates of labor-force participation than men.

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Of the following groups, who is eligible for unemployment insurance benefits?

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Suppose that neither textile workers nor shoemakers are unionized. If textile workers unionize, then the supply of shoemakers will

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The Wagner Act of 1935

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Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

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The demand for labor by a certain firm fluctuates as the demand for that firm's product fluctuates.

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The Bureau of Labor Statistics' U-3 measure of joblessness is the official unemployment rate.

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Which of the following does not help reduce frictional unemployment?

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Efficiency wages create a labor

Correct AnswerverifiedShow Answer

Unemployment insurance reduces the incentive for the unemployed to find and take new jobs.

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

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The unemployment rate is computed as the number of unemployed

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