Question 1

Other things the same,countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.

Accepted Answer

A) True 
 B)False

Question 2

Both full-time and part-time workers are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 3

Figure 20-1 
-Refer to Figure 20-1.If unemployment is 2000 workers,then the minimum wage must be

Accepted Answer

A)   $4.
B)   $5.
C)   $7.
D)   $8.E) All of the above
F) None of the above

Question 4

The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least

Accepted Answer

A)   14 years old.
B)   16 years old.
C)   18 years old.
D)   21 years old.E) B) and C)
F) All of the above

Question 5

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) A) and D)
F) None of the above

Question 6

Suppose 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 millionE) B) and C)
F) A) and D)

Question 7

According to 2009 data on the U.S.population,which of the following groups of teenagers (ages 16-19) had the highest labor-force participation rate?

Accepted Answer

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

Question 8

Who of the following is counted as unemployed by the BLS?

Accepted Answer

A)   someone working without pay for a family member's business
B)   someone who is absent from their job due to illness
C)   someone on temporary layoff
D)   All of the above are correct.E) B) and D)
F) A) and B)

Question 9

Below is some hypothetical data on the labor market.
 
-Refer to Labor Market Data.If the government imposed a minimum wage of $7,what would unemployment be?

Accepted Answer

A)   0
B)   2,000
C)   3,000
D)   5,000E) A) and B)
F) B) and C)

Question 10

Over the past several decades in the United States,the labor-force participation rate of women has

Accepted Answer

A)   increased and the labor-force participation rate of men has increased.
B)   increased and the labor-force participation rate of men has decreased.
C)   decreased and the labor-force participation rate of men has increased.
D)   decreased and the labor-force participation rate of men has decreased.E) A) and D)
F) A) and C)

Question 11

Workers in unions reap the benefit of collective bargaining,while workers not in unions bear some of the cost.

Accepted Answer

A) True 
 B)False

Question 12

Minimum wages create unemployment in markets where they create a

Accepted Answer

A)   shortage of labor.Minimum wage laws are not the predominant reason for unemployment in the U.S.
B)   shortage of labor.Minimum wage laws are the predominant reason for unemployment in the U.S.
C)   surplus of labor.Minimum wage laws are not the predominant reason for unemployment in the U.S.
D)   surplus of labor.Minimum wage laws are the predominant reason for unemployment in the U.S.E) None of the above
F) A) and C)

Question 13

Within the U.S.,teenagers have similar rates of unemployment as older workers.

Accepted Answer

A) True 
 B)False

Question 14

The natural rate of unemployment refers to the current unemployment rate.

Accepted Answer

A) True 
 B)False

Question 15

People who are unemployed because wages are,for some reason,set above the level that brings labor supply and demand into equilibrium are best classified as

Accepted Answer

A)   cyclically unemployed.
B)   structurally unemployed.
C)   frictionally unemployed.
D)   discouraged workers.E) A) and B)
F) A) and D)

Question 16

Suppose that butchers and bakers have no unions.Now suppose the butchers form a union.What does this do the labor supply of and wages of bakers?

Accepted Answer

A)   It increases the labor supply and wages of bakers.
B)   It increases the labor supply and decreases the wages of bakers.
C)   It decreases the labor supply and increases the wages of bakers.
D)   It decreases the labor supply and wages of bakers.E) All of the above
F) None of the above

Question 17

Only paid workers are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 18

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 19

Which of the following is a cause of the changing role of women in American society over the past several decades?

Accepted Answer

A)   new technologies that have reduced the amount of time required to complete routine household tasks
B)   improved birth control
C)   changing political and social attitudes
D)   All of the above are correct.E) None of the above
F) C) and D)

Question 20

Unions contribute to

Accepted Answer

A)   cyclical unemployment.
B)   frictional unemployment.
C)   seasonal unemployment.
D)   structural unemployment.E) B) and C)
F) None of the above

Exam 20: Unemployment

Only paid workers are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics counts a member of a surveyed household as an adult if that person is at least

Correct AnswerverifiedShow Answer

Minimum wages create unemployment in markets where they create a

Correct AnswerverifiedShow Answer

Suppose that butchers and bakers have no unions.Now suppose the butchers form a union.What does this do the labor supply of and wages of bakers?

Correct AnswerverifiedShow Answer

Unions contribute to

Correct AnswerverifiedShow Answer

Within the U.S.,teenagers have similar rates of unemployment as older workers.

Correct AnswerverifiedShow Answer

Evidence from research studies by economists

Correct AnswerverifiedShow Answer

Below is some hypothetical data on the labor market. -Refer to Labor Market Data.If the government imposed a minimum wage of $7,what would unemployment be?

Correct AnswerverifiedShow Answer

Both full-time and part-time workers are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

Which of the following is a cause of the changing role of women in American society over the past several decades?

Correct AnswerverifiedShow Answer

Other things the same,countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.

Correct AnswerverifiedShow Answer

Suppose 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

Over the past several decades in the United States,the labor-force participation rate of women has

Correct AnswerverifiedShow Answer

The natural rate of unemployment refers to the current unemployment rate.

Correct AnswerverifiedShow Answer

Who of the following is counted as unemployed by the BLS?

Correct AnswerverifiedShow Answer

Figure 20-1 -Refer to Figure 20-1.If unemployment is 2000 workers,then the minimum wage must be

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Workers in unions reap the benefit of collective bargaining,while workers not in unions bear some of the cost.

Correct AnswerverifiedShow Answer

According to 2009 data on the U.S.population,which of the following groups of teenagers (ages 16-19) had the highest labor-force participation rate?

Correct AnswerverifiedShow Answer

People who are unemployed because wages are,for some reason,set above the level that brings labor supply and demand into equilibrium are best classified as

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified