Question 1

Unions

Accepted Answer

A)   do not affect the natural rate of unemployment.
B)   lower the wages of unionized workers.
C)   raise the profits of unionized firms.
D)   lower the wages of workers in industries without unions.E) None of the above
F) A) and D)

Question 2

Advocates of government-run employment agencies and public training programs believe they make job search more efficient.

Accepted Answer

A) True 
 B)False

Question 3

Jason works part-time as a babysitter. The Bureau of Labor Statistics counts Jason 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) None of the above
F) B) and C)

Question 4

From time to time, the demand for workers has risen in one region of the United States and fallen in another. This illustrates

Accepted Answer

A)   frictional unemployment created by efficiency wages.
B)   structural unemployment created by efficiency wages.
C)   frictional unemployment created by sectoral shifts.
D)   structural unemployment created by sectoral shifts.E) B) and C)
F) C) and D)

Question 5

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) B) and C)
F) B) and D)

Question 6

Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

Accepted Answer

A)   the natural rate of unemployment.
B)   cyclical unemployment.
C)   structural unemployment.
D)   frictional unemployment.E) C) and D)
F) B) and C)

Question 7

If unions were formed in more industries, the supply of labor in other industries would

Accepted Answer

A)   increase, causing employment in other industries to rise.
B)   increase, causing employment in other industries to fall.
C)   decrease, causing employment in other industries to rise.
D)   decrease, causing employment in other industries to fall.E) A) and D)
F) A) and C)

Question 8

Measuring unemployment is the job of the Bureau of Labor Statistics, which is part of the U.S. Department of Commerce.

Accepted Answer

A) True 
 B)False

Question 9

The Bureau of Labor Statistics places people in the "employed" category if they

Accepted Answer

A)   are temporarily absent from their jobs.
B)   are self-employed.
C)   work without pay in a family member's business.
D)   All of the above are correct.E) None of the above
F) B) and D)

Question 10

A firm may pay efficiency wages in an attempt to

Accepted Answer

A)   reduce incentives to shirk.
B)   reduce turnover.
C)   attract a well-qualified pool of applicants.
D)   All of the above are correct.E) B) and C)
F) A) and B)

Question 11

Evidence from research studies by economists

Accepted Answer

A)   shows that increased unemployment benefits decrease the job search efforts of the unemployed.
B)   shows that increased unemployment benefits have virtually no effect on the job search efforts of the unemployed.
C)   shows that increased unemployment benefits increase the job search efforts of the unemployed.
D)   is conflicting on what increased unemployment benefits do to the job search efforts of the unemployed.E) B) and D)
F) A) and C)

Question 12

When the wage is above the equilibrium level,

Accepted Answer

A)   the labor market is functioning more efficiently than it otherwise would function.
B)   there is a shortage of labor.
C)   the quantity of labor supplied exceeds the quantity of labor demanded.
D)   job search is the primary explanation for the unemployment that is observed.E) B) and C)
F) None of the above

Question 13

Which of the following is not among the four industries with the largest employment in the United States today?

Accepted Answer

A)   lumber
B)   aircraft
C)   communications
D)   electrical componentsE) C) and D)
F) None of the above

Question 14

It is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment.

Accepted Answer

A) True 
 B)False

Question 15

Table 10-5
2010 Labor Data for Tajnia
 
-Refer to Table 10-5. The unemployment rate of Tajnia in 2010 is about 7.5 percent.

Accepted Answer

A) True 
 B)False

Question 16

Most spells of unemployment are

Accepted Answer

A)   long, and most unemployment observed at any given time is long term.
B)   long, but most unemployment observed at any given time is short term.
C)   short, but most unemployment observed at any given time is long term.
D)   short, and most unemployment observed at any given time is short term.E) A) and B)
F) B) and C)

Question 17

Frictional unemployment can be the consequence of

Accepted Answer

A)   workers leaving existing jobs to find ones they like better.
B)   one industry declining while another is growing.
C)   changes in the working conditions offered by competing firms.
D)   All of the above are correct.E) B) and C)
F) C) and D)

Question 18

Who is included in the labor force by the Bureau of Labor Statistics?

Accepted Answer

A)   Juan, who works most of the week in a steel factory
B)   Molly, who is on temporary layoff
C)   Charlie, who does not have a job, but is looking for work
D)   All of the above are included in the labor force.E) A) and D)
F) A) and B)

Question 19

Sirius has just finished high school and started looking for his first job, but has not yet found one. Other things the same, the unemployment rate

Accepted Answer

A)   and the labor-force participation rate both increase.
B)   increases and the labor-force participation rate is unaffected.
C)   is unaffected and the labor-force participation rate increases.
D)   and the labor-force participation rate are both unaffected.E) A) and B)
F) A) and C)

Question 20

Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Exam 10: Unemployment

Measuring unemployment is the job of the Bureau of Labor Statistics, which is part of the U.S. Department of Commerce.

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From time to time, the demand for workers has risen in one region of the United States and fallen in another. This illustrates

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Table 10-5 2010 Labor Data for Tajnia -Refer to Table 10-5. The unemployment rate of Tajnia in 2010 is about 7.5 percent.

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Who is included in the labor force by the Bureau of Labor Statistics?

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Jason works part-time as a babysitter. The Bureau of Labor Statistics counts Jason as

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If unions were formed in more industries, the supply of labor in other industries would

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A firm may pay efficiency wages in an attempt to

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Frictional unemployment can be the consequence of

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Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category.

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When the wage is above the equilibrium level,

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Evidence from research studies by economists

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The Bureau of Labor Statistics places people in the "employed" category if they

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Measuring unemployment is the job of the

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Unions

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Most spells of unemployment are

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It is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment.

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Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

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Advocates of government-run employment agencies and public training programs believe they make job search more efficient.

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Sirius has just finished high school and started looking for his first job, but has not yet found one. Other things the same, the unemployment rate

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Which of the following is not among the four industries with the largest employment in the United States today?

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