Question 1

The Bureau of Labor Statistics reported in 2005 that there were 28.19 million people over age 25 who had no high school degree or its equivalent, 11.73 million of whom were employed and 1.04 million of whom were unemployed. What were the labor-force participation rate and the unemployment rate for this group?

Accepted Answer

A)   45.3% and 3.7%
B)   45.3% and 8.1%
C)   41.6% and 3.7%
D)   41.6% and 8.1%

Question 2

Since the 1940's U.S. union membership has

Accepted Answer

A)   fallen. This decline should have reduced structural unemployment.
B)   fallen. This decline should not have reduced structural unemployment.
C)   risen. This increase should have raised structural unemployment.
D)   risen. This increase should not have raised structural unemployment.

Question 3

Table 28-2
Labor Data for Aridia
 
-Refer to Table 28-2. The unemployment rate of Aridia in 2011 was

Accepted Answer

A)   20%.
B)   31.6%.
C)   46.2%.
D)   63.3%.

Question 4

Esmerelda worked part­time for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

Accepted Answer

A)   Esmerelda but not Tabitha
B)   Tabitha but not Esmerelda
C)   both Esmerelda and Tabitha
D)   neither Esmerelda nor Tabitha

Question 5

According to 2012 data on the U.S. population, which of the following was correct?

Accepted Answer

A)   Adults of prime working age ages 25-54)  had both higher labor-force participation rates and higher rates of unemployment compared to teenagers.
B)   Adults of prime working age ages 25-54)  had higher labor-force participation rates and lower rates of unemployment compared to teenagers.
C)   Adults of prime working age ages 25-54)  had both lower labor-force participation rates and lower rates of unemployment compared to teenagers.
D)   Adults of prime working age ages 25-54)  had lower labor-force participation rates and higher rates of unemployment compared to teenagers.

Question 6

Table 28-6
 
-Refer to Table 28-6. What is the U-5 measure of labor underutilization?

Accepted Answer

A)   7.5%
B)   7.9%
C)   8.1%
D)   26%

Question 7

Which of the following is not a commonly-cited explanation for the decreasing labor-force participation rates for men from 1950 to the present?

Accepted Answer

A)   availability of reliable birth control
B)   men acquiring additional years of schooling before entering the labor force
C)   a preference for men to retire when younger
D)   changing social attitudes about stay-at-home fathers

Question 8

Table 28-1
Sample Population
 
-Refer to Table 28-1. How many in the sample are unemployed?

Accepted Answer

A)   5
B)   4
C)   3
D)   2

Question 9

Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search.

Accepted Answer

A) True 
 B)False

Question 10

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.

Question 11

Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were employed?

Accepted Answer

A)   1.5 million
B)   28.5 million
C)   30 million
D)   47.5 million

Question 12

Who among the following would be counted as "unemployed"?

Accepted Answer

A)   Shasta, who is waiting to be recalled to a job from which she has been laid off.
B)   Karen, who neither has a job nor is looking for one.
C)   Mary, who worked only 35 hours last week.
D)   None of the above is correct.

Question 13

When a union bargains successfully with employers, in that industry,

Accepted Answer

A)   both the quantity of labor supplied and the quantity of labor demanded increase.
B)   both the quantity of labor supplied and the quantity of labor demanded decrease.
C)   the quantity of labor supplied increases and the quantity of labor demanded decreases.
D)   the quantity of labor demanded increases and the quantity of labor supplied decreases.

Question 14

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Accepted Answer

A) True 
 B)False

Question 15

Figure 28-4 
-Refer to Figure 28-4. If the government imposes a minimum wage of $5, how many workers will be unemployed?

Accepted Answer

A)   0
B)   2,000
C)   4,000
D)   6,000

Question 16

Full­time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Accepted Answer

A) True 
 B)False

Question 17

The demand for labor by a certain firm is independent of the demand for that firm's product.

Accepted Answer

A) True 
 B)False

Question 18

Right-to-work laws give workers in a unionized firm the right to choose whether to join the union.

Accepted Answer

A) True 
 B)False

Question 19

Most economists agree that eliminating unemployment insurance would increase the nation's overall level of well­being.

Accepted Answer

A) True 
 B)False

Question 20

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Accepted Answer

A)   Juan Carlos, a full-time student who is not looking for work
B)   Kevin, who is on temporary layoff
C)   Andrea, who has retired and is not looking for work
D)   All of the above are correct.

Exam 10: Unemployment and Its Natural Rate

Fulltime students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct Answer
verified

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Correct Answer
verified

When a union bargains successfully with employers, in that industry,

Correct Answer
verified

Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search.

Correct Answer
verified

According to 2012 data on the U.S. population, which of the following was correct?

Correct Answer
verified

Who among the following would be counted as "unemployed"?

Correct Answer
verified

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Correct Answer
verified

Esmerelda worked parttime for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

Correct Answer
verified

Most economists agree that eliminating unemployment insurance would increase the nation's overall level of wellbeing.

Correct Answer
verified

Correct Answer
verified

Right-to-work laws give workers in a unionized firm the right to choose whether to join the union.

Correct Answer
verified

Since the 1940's U.S. union membership has

Correct Answer
verified

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The unemployment rate of Aridia in 2011 was

Correct Answer
verified

Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were employed?

Correct Answer
verified

Table 28-6 -Refer to Table 28-6. What is the U-5 measure of labor underutilization?

Correct Answer
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Table 28-1 Sample Population -Refer to Table 28-1. How many in the sample are unemployed?

Correct Answer
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Right-to-work laws

Correct Answer
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Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $5, how many workers will be unemployed?

Correct Answer
verified

Which of the following is not a commonly-cited explanation for the decreasing labor-force participation rates for men from 1950 to the present?

Correct Answer
verified

The demand for labor by a certain firm is independent of the demand for that firm's product.

Correct Answer
verified

Exam 10: Unemployment and Its Natural Rate

Full­time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct AnswerverifiedShow Answer

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Correct AnswerverifiedShow Answer

When a union bargains successfully with employers, in that industry,

Correct AnswerverifiedShow Answer

Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search.

Correct AnswerverifiedShow Answer

According to 2012 data on the U.S. population, which of the following was correct?

Correct AnswerverifiedShow Answer

Who among the following would be counted as "unemployed"?

Correct AnswerverifiedShow Answer

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Correct AnswerverifiedShow Answer

Esmerelda worked part­time for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

Correct AnswerverifiedShow Answer

Most economists agree that eliminating unemployment insurance would increase the nation's overall level of well­being.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Right-to-work laws give workers in a unionized firm the right to choose whether to join the union.

Correct AnswerverifiedShow Answer

Since the 1940's U.S. union membership has

Correct AnswerverifiedShow Answer

Table 28-2 Labor Data for Aridia -Refer to Table 28-2. The unemployment rate of Aridia in 2011 was

Correct AnswerverifiedShow Answer

Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were employed?

Correct AnswerverifiedShow Answer

Table 28-6 -Refer to Table 28-6. What is the U-5 measure of labor underutilization?

Correct AnswerverifiedShow Answer

Table 28-1 Sample Population -Refer to Table 28-1. How many in the sample are unemployed?

Correct AnswerverifiedShow Answer

Right-to-work laws

Correct AnswerverifiedShow Answer

Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $5, how many workers will be unemployed?

Correct AnswerverifiedShow Answer

Which of the following is not a commonly-cited explanation for the decreasing labor-force participation rates for men from 1950 to the present?

Correct AnswerverifiedShow Answer

The demand for labor by a certain firm is independent of the demand for that firm's product.

Correct AnswerverifiedShow Answer

Fulltime students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Esmerelda worked parttime for her mother's business without pay. Tabitha was absent from work because she had strep throat. Who is counted as "employed" by the Bureau of Labor Statistics?

Correct Answer
verified

Most economists agree that eliminating unemployment insurance would increase the nation's overall level of wellbeing.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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