Question 1

Egzon is working part-time.Dijana is on temporary layoff.Who is included in the Bureau of Labor Statistics' "employed" category?

Accepted Answer

A)   only Egzon
B)   only Dijana
C)   both Egzon and Dijana
D)   neither Egzon nor DijanaE) A) and C)
F) B) and C)

Question 2

Not all unemployment ends with the job seeker finding a job.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Question 5

The normal rate of unemployment around which the unemployment rate fluctuates is called

Accepted Answer

A)   the normal rate of unemployment.
B)   the natural rate of unemployment.
C)   cyclical unemployment.
D)   fluctuating unemployment.E) C) and D)
F) All of the above

Question 6

Quinn,the CEO of a corporation operating in a relatively poor country where wages are low,decides to raise the wages of her workers even though she faces an excess supply of labor.Her decision

Accepted Answer

A)   might increase profits if it means that the wage is high enough for her workers to eat a nutritious diet that makes them more productive.
B)   will help eliminate the excess supply of labor.
C)   may cause her workers to increase shirking.
D)   All of the above are correct.E) All of the above
F) B) and C)

Question 7

According to 2007 data on the U.S.population,which of the following groups of teenagers (ages 16-19) has the highest unemployment rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) None of the above
F) All of the above

Question 8

In 2007,the U.S.natural rate of unemployment was estimated to be 4.8 percent,which was close to the actual rate of unemployment of 4.6 percent.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

President Bigego is running for re-election against Senator Pander.Bigego proclaims that more people are working now than when he took office.Pander says that the unemployment rate is higher now than when Bigego took office.You conclude that

Accepted Answer

A)   one of them must be lying.
B)   both of them could be telling the truth if the labor force and employment grew at the exact same rate.
C)   both of them could be telling the truth if the labor force grew slower than employment.
D)   both of them could be telling the truth if the labor force grew faster than employment.E) A) and C)
F) B) and D)

Question 11

The Bureau of Labor Statistics is part of the U.S.Department of

Accepted Answer

A)   the Treasury.
B)   Commerce.
C)   Labor.
D)   the Interior.E) A) and D)
F) A) and C)

Question 12

Since unemployment rates are consistently higher in Canada and some Western European countries than in the United States,it appears that the natural rate of unemployment is lower in the United States.What might explain this difference?

Accepted Answer

The text offers two explanations for the...

Question 13

The Bureau of Labor Statistics defines the labor-force participation rate as the percentage of the total adult population that is in the labor force.

Accepted Answer

A) True 
 B)False

Question 14

Even though the difference in labor-force participation rates of U.S.males and females has narrowed,the labor-force participation rate of males remains higher than that of females.

Accepted Answer

A) True 
 B)False

Question 15

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Accepted Answer

A) True 
 B)False

Question 16

Every adult who was not employed during the previous 4 weeks is included in the Bureau of Labor Statistics' "unemployed" category.

Accepted Answer

A) True 
 B)False

Question 17

Unemployment that exists because there is a shortage of jobs is

Accepted Answer

A)   frictional unemployment,which contributes to the natural rate of unemployment.
B)   frictional unemployment,which does not contribute to the natural rate of unemployment.
C)   structural unemployment,which contributes to the natural rate of unemployment.
D)   structural unemployment,which does not contribute to the natural rate of unemployment.E) C) and D)
F) A) and B)

Question 18

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) None of the above

Question 19

Frictional unemployment is often the result of changes in the demand for labor among different firms.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is correct for people ages 20 and over?

Accepted Answer

A)   Blacks have higher rates of labor-force participation and lower rates of unemployment compared to whites.
B)   Blacks have higher rates of labor-force participation and higher rates of unemployment compared to whites.
C)   Blacks have similar rates of labor-force participation and lower rates of unemployment compared to whites.
D)   Blacks have similar rates of labor-force participation and higher rates of unemployment compared to whites.E) A) and C)
F) A) and D)

Exam 28: Unemployment

Which of the following is correct for people ages 20 and over?

Correct AnswerverifiedShow Answer

In 2007,the U.S.natural rate of unemployment was estimated to be 4.8 percent,which was close to the actual rate of unemployment of 4.6 percent.

Correct AnswerverifiedShow Answer

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Correct AnswerverifiedShow Answer

The normal rate of unemployment around which the unemployment rate fluctuates is called

Correct AnswerverifiedShow Answer

Not all unemployment ends with the job seeker finding a job.

Correct AnswerverifiedShow Answer

Since unemployment rates are consistently higher in Canada and some Western European countries than in the United States,it appears that the natural rate of unemployment is lower in the United States.What might explain this difference?

Correct AnswerverifiedThe text offers two explanations for the...View AnswerShow Answer

Unemployment that exists because there is a shortage of jobs is

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics is part of the U.S.Department of

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Even though the difference in labor-force participation rates of U.S.males and females has narrowed,the labor-force participation rate of males remains higher than that of females.

Correct AnswerverifiedShow Answer

President Bigego is running for re-election against Senator Pander.Bigego proclaims that more people are working now than when he took office.Pander says that the unemployment rate is higher now than when Bigego took office.You conclude that

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

Quinn,the CEO of a corporation operating in a relatively poor country where wages are low,decides to raise the wages of her workers even though she faces an excess supply of labor.Her decision

Correct AnswerverifiedShow Answer

Every adult who was not employed during the previous 4 weeks is included in the Bureau of Labor Statistics' "unemployed" category.

Correct AnswerverifiedShow Answer

Frictional unemployment is often the result of changes in the demand for labor among different firms.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

According to 2007 data on the U.S.population,which of the following groups of teenagers (ages 16-19) has the highest unemployment rate?

Correct AnswerverifiedShow Answer

Egzon is working part-time.Dijana is on temporary layoff.Who is included in the Bureau of Labor Statistics' "employed" category?

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics defines the labor-force participation rate as the percentage of the total adult population that is in the labor force.

Correct AnswerverifiedShow Answer

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The text offers two explanations for the...
View Answer

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