Question 1

Table 20-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 20-3.What is the adult labor force in Meditor?

Accepted Answer

A)   90 million
B)   150 million
C)   160 million
D)   230 millionE) B) and D)
F) B) and C)

Question 2

In Belgium,Norway,and Sweden,the percentage of workers who belong to unions is

Accepted Answer

A)   almost zero.
B)   less than it is in the United States.
C)   about the same as it is in the United States.
D)   greater than it is in the United States.E) All of the above
F) A) and C)

Question 3

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

Accepted Answer

A) True 
 B)False

Question 4

Which list contains two periods when the U.S.unemployment rate was below the natural rate of unemployment?

Accepted Answer

A)   1965-1968,1981-1984
B)   1965-1968,1997-2000
C)   1981-1984,1991-1994
D)   1991-1994,1997-2000E) None of the above
F) A) and C)

Question 5

Table 20-1
Labor Data for Aridia
 
-Refer to Table 20-1.The labor force of Aridia in 2010 was

Accepted Answer

A)  2000.
B)  1400.
C)  1600.
D)  1800.E) A) and B)
F) All of the above

Question 6

Sandy has graduated from college and is devoting her time to searching for a job.She has seen plenty of openings,but has not yet been offered one that best suits her tastes and skills.Sandy is

Accepted Answer

A)   structurally unemployed.Structural unemployment exists even in the long run.
B)   structurally unemployed.There is no structural unemployment in the long run.
C)   frictionally unemployed.Frictional unemployment exists even in the long run.
D)   frictionally unemployed.There is no frictional unemployment in the long run.E) None of the above
F) All of the above

Question 7

Table 20-5
2010 Labor Data for Tajnia
 
-Refer to Table 20-5.The total adult population of Tajnia in 2010 is 30,000.

Accepted Answer

A) True 
 B)False

Question 8

Unions contribute to

Accepted Answer

A)   frictional but not structural unemployment.
B)   structural but not frictional unemployment.
C)   both frictional and structural unemployment.
D)   neither frictional nor structural unemployment.E) C) and D)
F) All of the above

Question 9

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 10

If the minimum wage is currently above the equilibrium wage,then a decrease in the minimum wage

Accepted Answer

A)   increases both the quantity demanded and the quantity supplied of labor.
B)   decreases both the quantity demanded and the quantity supplied of labor.
C)   increases the quantity of labor demanded but decreases the quantity of labor supplied.
D)   decreases the quantity of labor demanded but increases the quantity of labor supplied.E) A) and C)
F) All of the above

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

According to 2009 data on the U.S.population,which of the following groups of adults (ages 20 and older) had the highest unemployment rate?

Accepted Answer

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

Question 13

Teenagers have more frequent unemployment spells so on average they spend more time searching for jobs.Other thing the same this means that teenagers have a

Accepted Answer

A)   higher unemployment rate.If a larger portion of the adult population were teenaged,the natural rate of unemployment would be higher.
B)   higher unemployment rate.The portion of the adult population that is teenaged does not affect the natural rate of unemployment.
C)   lower unemployment rate.If a larger portion of the adult population were teenaged,the natural rate of unemployment would be lower.
D)   lower unemployment rate.The portion of the adult population that is teenaged does not affect the natural rate of unemployment.E) B) and C)
F) A) and D)

Question 14

The labor force equals the

Accepted Answer

A)   number of people employed.
B)   number of people employed plus the number of people unemployed.
C)   number of people employed plus the number of people unemployed plus teenagers between ages 14 and 16 who work at least 10 hours a week.
D)   adult population.E) All of the above
F) A) and C)

Question 15

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 16

Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 17

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 18

Public policy,without intending to do so,can increase frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 19

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 C)
F) A) and D)

Question 20

Table 20-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 20-3.What is the adult female labor force in Meditor?

Accepted Answer

A)   40 million
B)   65 million
C)   70 million
D)   100 millionE) B) and C)
F) A) and D)

Exam 20: Unemployment

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

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According to 2009 data on the U.S.population,which of the following groups of adults (ages 20 and older) had the highest unemployment rate?

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Which list contains two periods when the U.S.unemployment rate was below the natural rate of unemployment?

Correct AnswerverifiedShow Answer

Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.

Correct AnswerverifiedShow Answer

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

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Table 20-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 20-3.What is the adult labor force in Meditor?

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

Sandy has graduated from college and is devoting her time to searching for a job.She has seen plenty of openings,but has not yet been offered one that best suits her tastes and skills.Sandy is

Correct AnswerverifiedShow Answer

Teenagers have more frequent unemployment spells so on average they spend more time searching for jobs.Other thing the same this means that teenagers have a

Correct AnswerverifiedShow Answer

Unions contribute to

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

If the minimum wage is currently above the equilibrium wage,then a decrease in the minimum wage

Correct AnswerverifiedShow Answer

In Belgium,Norway,and Sweden,the percentage of workers who belong to unions is

Correct AnswerverifiedShow Answer

Public policy,without intending to do so,can increase frictional unemployment.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The labor force equals the

Correct AnswerverifiedShow Answer

Table 20-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 20-3.What is the adult female labor force in Meditor?

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Table 20-5 2010 Labor Data for Tajnia -Refer to Table 20-5.The total adult population of Tajnia in 2010 is 30,000.

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Table 20-1 Labor Data for Aridia -Refer to Table 20-1.The labor force of Aridia in 2010 was

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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

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The text offers two explanations for the...
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Even generally favorable changes will us...
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