Question 1

Right-to-work laws

Accepted Answer

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)

Question 2

Some economists have argued that unemployment insurance improves the ability of the economy to match each worker with the most appropriate job.

Accepted Answer

A) True 
 B)False

Question 3

Most job search in the U.S.economy takes place without intervention by the government.

Accepted Answer

A) True 
 B)False

Question 4

Figure 28-1 
-Refer to Figure 28-1.At the equilibrium wage,how many workers are employed?

Accepted Answer

A)   0
B)   1000
C)   5000
D)   9000E) None of the above
F) A) and D)

Question 5

The Bureau of Labor Statistics' U-1 measure of joblessness is smaller than its U-6 measure of joblessness.

Accepted Answer

A) True 
 B)False

Question 6

Pekelo owns his own business.The Bureau of Labor Statistics counts Pekelo as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed and not in the labor force.
C)   employed and in the labor force.
D)   employed and not in the labor force.E) All of the above
F) A) and D)

Question 7

If the wage is kept above the equilibrium level for any reason,the result is unemployment.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is not correct?

Accepted Answer

A)   Frictional unemployment is inevitable in a dynamic economy.
B)   Although the unemployment created by sectoral shifts is unfortunate,in the long run such changes lead to higher productivity and higher living standards.
C)   At least 10 percent of U.S.manufacturing jobs are destroyed every year.
D)   More than 13 percent of U.S.workers leave their jobs in a typical month.E) B) and C)
F) None of the above

Question 9

Every month,the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is not an explanation for the existence of unemployment in the long run?

Accepted Answer

A)   it takes time for workers to search for the jobs that are best suited for them
B)   minimum-wage laws
C)   unions
D)   the business cycleE) A) and B)
F) None of the above

Question 11

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

Accepted Answer

A) True 
 B)False

Question 12

Table 28-1
Labor Data for Wrexington
 
-Refer to Table 28-1.The unemployment rate of Wrexington in 2006 was

Accepted Answer

A)   6.25%.
B)   11.1%.
C)   12.5%.
D)   56.25%.E) C) and D)
F) A) and C)

Question 13

When a union raises the wage above the equilibrium level,it reduces the quantity of labor supplied and raises the quantity of labor demanded,resulting in unemployment.

Accepted Answer

A) True 
 B)False

Question 14

A century ago,the four industries with the largest employment in the United States were cotton goods,woolen goods,men's clothing,and lumber.

Accepted Answer

A) True 
 B)False

Question 15

The National Labor Relations Board

Accepted Answer

A)   enforces antitrust laws against unions.
B)   enforces workers' rights to unionize.
C)   acts as a union's representative in collective bargaining.
D)   is required to approve all collective bargaining agreements before they can be enforced.E) All of the above
F) B) and C)

Question 16

Neeltje is an unpaid homemaker who works as a volunteer at the local Red Cross and is currently not looking for a paid job.The Bureau of Labor Statistics counts Neeltje as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed,but not in the labor force.
C)   in the labor force,but not unemployed.
D)   neither in the labor force nor unemployed.E) All of the above
F) B) and C)

Question 17

The sum of which of the following must be equal to the adult population?

Accepted Answer

A)   employed,unemployed
B)   employed,unemployed,labor force
C)   employed,unemployed,not in the labor force
D)   employed,unemployed,labor force,not in the labor forceE) All of the above
F) A) and B)

Question 18

Unemployment insurance

Accepted Answer

A)   reduces the hardship of unemployment,but it also increases the amount of unemployment.
B)   reduces the incentive for the unemployed to find and take new jobs.
C)   causes workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of employment.
D)   All of the above are correct.E) A) and C)
F) A) and B)

Question 19

The Bureau of Labor Statistics' "employed" category includes those who worked as paid employees,worked in their own business,or worked as unpaid workers in a family member's business.

Accepted Answer

A) True 
 B)False

Question 20

If you were told that someone you knew nothing else about had just become unemployed,your best guess would be

Accepted Answer

A)   that they would be unemployed for a long time,and that most of the unemployed they've joined have been unemployed for a long time.
B)   that they would be unemployed for a long time,even though most of the unemployed they've joined have been unemployed for a short time.
C)   that they would be unemployed for a short time,even though most of the unemployed they've joined have been unemployed for a long time.
D)   that they will be unemployed for a short time,and that most of the unemployed they've joined have been unemployed for a short time.E) A) and D)
F) A) and B)

Exam 28: Unemployment

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

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If the wage is kept above the equilibrium level for any reason,the result is unemployment.

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Which of the following is not an explanation for the existence of unemployment in the long run?

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The National Labor Relations Board

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Figure 28-1 -Refer to Figure 28-1.At the equilibrium wage,how many workers are employed?

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Most job search in the U.S.economy takes place without intervention by the government.

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The sum of which of the following must be equal to the adult population?

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The Bureau of Labor Statistics' "employed" category includes those who worked as paid employees,worked in their own business,or worked as unpaid workers in a family member's business.

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Pekelo owns his own business.The Bureau of Labor Statistics counts Pekelo as

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If you were told that someone you knew nothing else about had just become unemployed,your best guess would be

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Every month,the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost.

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Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The unemployment rate of Wrexington in 2006 was

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Which of the following is not correct?

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Some economists have argued that unemployment insurance improves the ability of the economy to match each worker with the most appropriate job.

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A century ago,the four industries with the largest employment in the United States were cotton goods,woolen goods,men's clothing,and lumber.

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Unemployment insurance

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Right-to-work laws

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When a union raises the wage above the equilibrium level,it reduces the quantity of labor supplied and raises the quantity of labor demanded,resulting in unemployment.

Correct AnswerverifiedShow Answer

Neeltje is an unpaid homemaker who works as a volunteer at the local Red Cross and is currently not looking for a paid job.The Bureau of Labor Statistics counts Neeltje as

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics' U-1 measure of joblessness is smaller than its U-6 measure of joblessness.

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