Question 1

Which of the following is not a cause of frictional unemployment?

Accepted Answer

A)   the destruction of manufacturing jobs
B)   a worker leaving a job to find one with better benefits
C)   minimum-wage laws
D)   unemployment insuranceE) A) and B)
F) B) and C)

Question 2

Suppose some country had an adult population of about 25 million,a labor-force participation rate of 60 percent,and an unemployment rate of 6 percent.How many people were employed?

Accepted Answer

A)   0.9 million
B)   14.1 million
C)   15 million
D)   23.5 millionE) All of the above
F) None of the above

Question 3

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Accepted Answer

Causes of the increase in the U.S.women'...

Question 4

Measuring unemployment is the job of the

Accepted Answer

A)   Congressional Budget Office.
B)   Department of Commerce.
C)   Council of Economic Advisers.
D)   Bureau of Labor Statistics.E) All of the above
F) A) and D)

Question 5

The unemployment rate equals the percentage of the labor force that is unemployed.

Accepted Answer

A) True 
 B)False

Question 6

Just after World War II,the labor-force participation rate of men was

Accepted Answer

A)   about 33 percent,and in 2009,it was about 50 percent.
B)   about 50 percent,and in 2009,it was about 60 percent.
C)   about 65 percent,and in 2009,it was about 60 percent.
D)   about 87 percent,and in 2009,it was about 72 percent.E) A) and B)
F) B) and C)

Question 7

The natural rate of unemployment is impervious to economic policy.

Accepted Answer

A) True 
 B)False

Question 8

Table 20-4
 
-Refer to Table 20-4.What is the U-6 measure of labor underutilization?

Accepted Answer

A)   8.4 percent
B)   9.0 percent
C)   9.2 percent
D)   35.2 percentE) B) and D)
F) B) and C)

Question 9

Public policy can reduce frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 10

Minimum wages create unemployment in markets where they create a

Accepted Answer

A)   shortage of labor.Unemployment of this type is called frictional.
B)   shortage of labor.Unemployment of this type is called structural.
C)   surplus of labor.Unemployment of this type is called frictional.
D)   surplus of labor.Unemployment of this type is called structural.E) A) and D)
F) None of the above

Question 11

A firm might offer efficiency wages so its workers will eat a more nutritious diet and therefore be healthier and more productive.

Accepted Answer

A) True 
 B)False

Question 12

Jouke is on a temporary layoff from his factory job but has not looked for work in the last four weeks.The Bureau of Labor Statistics counts Jouke 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) A) and D)
F) A) and B)

Question 13

Suppose that efficiency wages become more common in the economy.  Imposing efficiency wages

Accepted Answer

A)  	increases the quantity demanded and decreases the quantity supplied of labor.
B)  	decreases the quantity demanded and increases the quantity supplied of labor.
C)  	increases the quantity demanded and decreases the quantity supplied of labor
D)  	decreases the quantity demanded and increases the quantity supplied of laborE) B) and C)
F) B) and D)

Question 14

According to 2009 data on the U.S.population,which of the following groups of adults (ages 20 and older) had the lowest labor-force participation rate?

Accepted Answer

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

Question 15

People who report being unemployed but who,in fact,are working for "under the table" pay to avoid taxes on their earnings are really employed and therefore cause the reported unemployment rate to be higher than it would otherwise be.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not correct?

Accepted Answer

A)   An organized withdrawal of labor from a firm by a union is called a strike.
B)   The power of a union comes from its ability to strike if the union and the firm do not agree on the terms of employment.
C)   Economists who study the effects of unions typically find that union workers earn about 25 to 35 percent more than similar workers who do not belong to unions.
D)   Workers in unions reap the benefit of collective bargaining,while workers not in unions bear some of the cost.E) None of the above
F) A) and B)

Question 17

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

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) A) and B)
F) A) and C)

Question 18

More than one-third of the unemployed are recent entrants into the labor force.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is a source of frictional unemployment?

Accepted Answer

A)   changes in the composition of demand among industries or regions
B)   minimum wages
C)   labor unions
D)   None of the above is correct.E) A) and C)
F) A) and B)

Exam 20: Unemployment

Which of the following is not a cause of frictional unemployment?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Public policy can reduce frictional unemployment.

Correct AnswerverifiedShow Answer

People who report being unemployed but who,in fact,are working for "under the table" pay to avoid taxes on their earnings are really employed and therefore cause the reported unemployment rate to be higher than it would otherwise be.

Correct AnswerverifiedShow Answer

The natural rate of unemployment is impervious to economic policy.

Correct AnswerverifiedShow Answer

Suppose that efficiency wages become more common in the economy. Imposing efficiency wages

Correct AnswerverifiedShow Answer

Minimum wages create unemployment in markets where they create a

Correct AnswerverifiedShow Answer

Suppose some country had an adult population of about 25 million,a labor-force participation rate of 60 percent,and an unemployment rate of 6 percent.How many people were employed?

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

Measuring unemployment is the job of the

Correct AnswerverifiedShow Answer

Which of the following is a source of frictional unemployment?

Correct AnswerverifiedShow Answer

Why have labor-force participation rates for women in the United States increased since World War II while labor-force participation rates for men have decreased?

Correct AnswerverifiedCauses of the increase in the U.S.women'...View AnswerShow Answer

Jouke is on a temporary layoff from his factory job but has not looked for work in the last four weeks.The Bureau of Labor Statistics counts Jouke as

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Just after World War II,the labor-force participation rate of men was

Correct AnswerverifiedShow Answer

More than one-third of the unemployed are recent entrants into the labor force.

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Table 20-4 -Refer to Table 20-4.What is the U-6 measure of labor underutilization?

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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 lowest labor-force participation rate?

Correct AnswerverifiedShow Answer

The unemployment rate equals the percentage of the labor force that is unemployed.

Correct AnswerverifiedShow Answer

A firm might offer efficiency wages so its workers will eat a more nutritious diet and therefore be healthier and more productive.

Correct AnswerverifiedShow Answer

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Causes of the increase in the U.S.women'...
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