Question 1

If an unemployed person quits looking for work, then, eventually the unemployment rate

Accepted Answer

A)   decreases, and the labor-force participation rate is unaffected.
B)   and the labor-force participation rate both decrease.
C)   is unaffected, and the labor-force participation rate decreases.
D)   and the labor-force participation rate are both unaffected.E) B) and C)
F) None of the above

Question 2

The labor-force participation rate is computed as

Accepted Answer

A)   (Employed ÷ Adult Population)  × 100.
B)   (Employed ÷ Labor Force)  × 100.
C)   (Labor Force ÷ Adult Population)  × 100.
D)   (Adult Population ÷ Labor Force)  × 100.E) B) and C)
F) A) and B)

Question 3

Table 28-11
2010 Labor Data for Tajnia 
-Refer to Table 28-11. The total adult population of Tajnia in 2010 is 30,000.

Accepted Answer

A) True 
 B)False

Question 4

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) A) and B)
F) All of the above

Question 5

Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change in consumer tastes, the demand for hard-wood-flooring factory workers in North Carolina increases, while the demand for carpet factory workers in Georgia decreases. This is an example of

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) A) and B)
F) B) and D)

Question 6

Suppose that roofers are not unionized. If roofers unionize, then the supply of labor in other sectors of the economy will

Accepted Answer

A)   decrease, raising wages in industries that are not unionized.
B)   decrease, reducing wages in industries that are not unionized.
C)   increase, raising wages in industries that are not unionized.
D)   increase, reducing wages in industries that are not unionized.E) All of the above
F) C) and D)

Question 7

Table 28-10
The table below lists the number of people by labor force classification for the country of Springfield. 
-Refer to Table 28-10. Calculate the U-5 unemployment rate.

Accepted Answer

The answer of Table 28-10
The table below lists the number...

Question 8

Sectoral shifts contribute to structural unemployment.

Accepted Answer

A) True 
 B)False

Question 9

Who would be included in the labor force?

Accepted Answer

A)   Louie, who is waiting for his new job to start
B)   Daisey, who has become discouraged looking for a job and has quit looking
C)   Donald, an unpaid stay-at-home father
D)   None of the above is correct.E) B) and C)
F) All of the above

Question 10

Figure 28-3 
-Refer to Figure 28-3. If the government imposes a minimum wage of $8, then employment will decrease by

Accepted Answer

A)   0 workers.
B)   2,000 workers.
C)   3,000 workers.
D)   4,000 workers.E) B) and C)
F) None of the above

Question 11

A person who is counted as "unemployed" by the Bureau of Labor Statistics

Accepted Answer

A)   is also in the labor force.
B)   must have recently looked for work or be on temporary layoff.
C)   must be at least 16 years old.
D)   All of the above are correct.E) A) and B)
F) All of the above

Question 12

The deviation of unemployment from its natural rate is called

Accepted Answer

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

Question 13

Minimum-wage laws, unions, and efficiency wages contribute to

Accepted Answer

A)   both structural unemployment and the natural rate of unemployment.
B)   neither structural unemployment nor the natural rate of unemployment.
C)   structural unemployment, but not the natural rate of unemployment.
D)   the natural rate of unemployment, but not structural unemployment.E) A) and B)
F) A) and C)

Question 14

The amount of unemployment varies

Accepted Answer

A)   little over time and across countries.
B)   little over time but substantially across countries.
C)   substantially over time but little across countries.
D)   substantially over time and across countries.E) B) and D)
F) A) and C)

Question 15

Figure 28-4 
-Refer to Figure 28-4. If the government imposes a minimum wage of $2, how many workers will be unemployed?
A)  0

Accepted Answer

A)   2,000
B)   4,000
C)   6,000D) A) and B)
E) A) and B)

Question 16

Figure 28-4 
-Refer to Figure 28-4. If 4,000 workers are unemployed, then the minimum wage must be

Accepted Answer

A)   $2.
B)   $4.
C)   $5.
D)   $6.E) A) and C)
F) None of the above

Question 17

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 60,000 households, called the Current Population Survey.

Accepted Answer

A) True 
 B)False

Question 18

Rupert is collecting unemployment insurance benefits. To continue to receive his benefits, he must be looking for work. Because he'd like to continue collecting benefits rather than take a job, he applies at places that are unlikely to hire him. People like Rupert make the reported unemployment rate less than it would otherwise be.

Accepted Answer

A) True 
 B)False

Question 19

Who of the following are included in the Bureau of Labor Statistics' "employed" category?

Accepted Answer

A)   certain unpaid workers
B)   part-time workers
C)   workers on vacation
D)   All of the above are correct.E) A) and B)
F) A) and C)

Question 20

Unions

Accepted Answer

A)   and firms paying wages above equilibrium to improve worker effort both create frictional unemployment.
B)   creates frictional unemployment, while firms paying wages above equilibrium to improve worker effort creates structural unemployment.
C)   creates structural unemployment, while firms paying wages above equilibrium to improve worker effort creates frictional unemployment.
D)   and firms paying wages above equilibrium to improve worker effort both create structural unemployment.E) B) and C)
F) A) and D)

Exam 28: Unemployment

Minimum-wage laws, unions, and efficiency wages contribute to

Correct Answer
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Correct Answer
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Who would be included in the labor force?

Correct Answer
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Sectoral shifts contribute to structural unemployment.

Correct Answer
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Figure 28-3 -Refer to Figure 28-3. If the government imposes a minimum wage of $8, then employment will decrease by

Correct Answer
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The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 60,000 households, called the Current Population Survey.

Correct Answer
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Who of the following are included in the Bureau of Labor Statistics' "employed" category?

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

Correct Answer
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Suppose that roofers are not unionized. If roofers unionize, then the supply of labor in other sectors of the economy will

Correct Answer
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Unions

Correct Answer
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A person who is counted as "unemployed" by the Bureau of Labor Statistics

Correct Answer
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Figure 28-4 -Refer to Figure 28-4. If 4,000 workers are unemployed, then the minimum wage must be

Correct Answer
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The labor-force participation rate is computed as

Correct Answer
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Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The total adult population of Tajnia in 2010 is 30,000.

Correct Answer
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The deviation of unemployment from its natural rate is called

Correct Answer
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The amount of unemployment varies

Correct Answer
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Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $2, how many workers will be unemployed? A) 0

Correct Answer
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If an unemployed person quits looking for work, then, eventually the unemployment rate

Correct Answer
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Table 28-10 The table below lists the number of people by labor force classification for the country of Springfield. -Refer to Table 28-10. Calculate the U-5 unemployment rate.

Correct Answer
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Exam 28: Unemployment

Minimum-wage laws, unions, and efficiency wages contribute to

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Who would be included in the labor force?

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Sectoral shifts contribute to structural unemployment.

Correct AnswerverifiedShow Answer

Figure 28-3 -Refer to Figure 28-3. If the government imposes a minimum wage of $8, then employment will decrease by

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 60,000 households, called the Current Population Survey.

Correct AnswerverifiedShow Answer

Who of the following are included in the Bureau of Labor Statistics' "employed" category?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Suppose that roofers are not unionized. If roofers unionize, then the supply of labor in other sectors of the economy will

Correct AnswerverifiedShow Answer

Unions

Correct AnswerverifiedShow Answer

A person who is counted as "unemployed" by the Bureau of Labor Statistics

Correct AnswerverifiedShow Answer

Figure 28-4 -Refer to Figure 28-4. If 4,000 workers are unemployed, then the minimum wage must be

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The labor-force participation rate is computed as

Correct AnswerverifiedShow Answer

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The total adult population of Tajnia in 2010 is 30,000.

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The deviation of unemployment from its natural rate is called

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The amount of unemployment varies

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Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $2, how many workers will be unemployed? A) 0

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If an unemployed person quits looking for work, then, eventually the unemployment rate

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Table 28-10 The table below lists the number of people by labor force classification for the country of Springfield. -Refer to Table 28-10. Calculate the U-5 unemployment rate.

Correct AnswerverifiedShow Answer

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