Question 1

Table 15-1
Labor Data for Aridia
 
-Refer to Table 15-1.The labor-force participation rate of Aridia in 2012 was

Accepted Answer

A)   50%.
B)   53.3%.
C)   56.25%.
D)   88.9%.E) A) and D)
F) A) and B)

Question 2

Policies that reduce the time it takes unemployed workers to find new jobs

Accepted Answer

A)   can reduce both frictional unemployment and the natural rate of unemployment.
B)   can reduce frictional unemployment,but it cannot reduce the natural rate of unemployment.
C)   cannot reduce frictional unemployment,but it can reduce the natural rate of unemployment.
D)   cannot reduce either frictional unemployment or the natural rate of unemployment.E) All of the above
F) C) and D)

Question 3

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) A) and B)
F) A) and C)

Question 4

Unemployment data are collected

Accepted Answer

A)   from unemployment insurance claims.
B)   through a regular survey of about 60,000 households.
C)   through a regular survey of about 200,000 firms.
D)   using all of the above.E) A) and B)
F) A) and C)

Question 5

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.E) None of the above
F) B) and C)

Question 6

Job search

Accepted Answer

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

Question 7

Other things the same,an increase in wages above their equilibrium level

Accepted Answer

A)   increases frictional unemployment but leaves the natural rate of unemployment unchanged.
B)   increases frictional unemployment and increases the natural rate of unemployment.
C)   increases structural unemployment but leaves the natural rate of unemployment unchanged.
D)   increases structural unemployment and increases the natural rate of unemployment.E) A) and B)
F) A) and C)

Question 8

Efficiency wages

Accepted Answer

A)   increase productivity and reduce unemployment.
B)   increase productivity but increase unemployment.
C)   decrease productivity but reduce unemployment.
D)   decrease productivity and increase unemployment.E) A) and C)
F) C) and D)

Question 9

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has

Accepted Answer

A)   gradually increased.
B)   remained constant.
C)   gradually decreased.
D)   been eliminated.E) B) and D)
F) All of the above

Question 10

Suppose that some people report themselves as unemployed when,in fact,they are working in the underground economy.If these persons were counted as employed,then

Accepted Answer

A)   both the unemployment rate and labor-force participation rate would be higher.
B)   both the unemployment rate and labor-force participation rate would be lower.
C)   the unemployment rate would be higher and the labor-force participation rate would be higher.
D)   the unemployment rate would be lower and the labor-force participation rate would be unaffected.E) A) and D)
F) C) and D)

Question 11

Sample Population
 
-Refer to Sample Population.How many in the sample are in the labor force?

Accepted Answer

A)   10
B)   9
C)   8
D)   None of the above is correct.E) A) and B)
F) None of the above

Question 12

Someone who has a job but is absent from work because she is on vacation is counted as employed.

Accepted Answer

A) True 
 B)False

Question 13

Because people move into and out of the labor force so often,statistics on unemployment are difficult to interpret.

Accepted Answer

A) True 
 B)False

Question 14

The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S.data.All values are in thousands.Fill in the blank entries in the table.

Accepted Answer

The answer of The table below uses data for the...

Question 15

Economists at the Congressional Budget Office estimated that for 2009,the U.S.natural rate of unemployment was 5.0 percent.

Accepted Answer

A) True 
 B)False

Question 16

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) All of the above

Question 17

One reason economies always experience some unemployment is job search.

Accepted Answer

A) True 
 B)False

Question 18

Every month,the Bureau of Labor Statistics surveys 160,000 business establishments to help determine

Accepted Answer

A)   the number of people unemployed.
B)   the number of jobs the economy has gained or lost.
C)   the size of the labor force.
D)   the number of people who own their own businesses.E) None of the above
F) B) and C)

Question 19

Consumers decide to ride bikes more and drive cars less.Bicycle companies expand production while automobile companies fire workers.This is an example of

Accepted Answer

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

Question 20

Economists have found that union workers earn what percent more than similar nonunion workers?

Accepted Answer

A)   0 to 5
B)   5 to 10
C)   10 to 20
D)   20 to 30E) B) and D)
F) A) and D)

Exam 28: Unemployment

Consumers decide to ride bikes more and drive cars less.Bicycle companies expand production while automobile companies fire workers.This is an example of

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Job search

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Someone who has a job but is absent from work because she is on vacation is counted as employed.

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Policies that reduce the time it takes unemployed workers to find new jobs

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The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S.data.All values are in thousands.Fill in the blank entries in the table.

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Suppose that some people report themselves as unemployed when,in fact,they are working in the underground economy.If these persons were counted as employed,then

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Economists have found that union workers earn what percent more than similar nonunion workers?

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Other things the same,an increase in wages above their equilibrium level

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Unemployment data are collected

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Sample Population -Refer to Sample Population.How many in the sample are in the labor force?

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Every month,the Bureau of Labor Statistics surveys 160,000 business establishments to help determine

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Table 15-1 Labor Data for Aridia -Refer to Table 15-1.The labor-force participation rate of Aridia in 2012 was

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Economists at the Congressional Budget Office estimated that for 2009,the U.S.natural rate of unemployment was 5.0 percent.

Correct AnswerverifiedShow Answer

One reason economies always experience some unemployment is job search.

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Efficiency wages

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Measuring unemployment is the job of the

Correct AnswerverifiedShow Answer

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has

Correct AnswerverifiedShow Answer

Because people move into and out of the labor force so often,statistics on unemployment are difficult to interpret.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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