Question 1

The Bureau of Labor Statistics places each adult (aged 16 and older)of each surveyed household into one of four categories: employed,underemployed,unemployed,and not in the labor force.

Accepted Answer

A) True 
 B)False

Question 2

John is a stockbroker.He has had several job offers,but he has turned them down because he thinks he can find a firm that better matches his tastes and skills.Curtis has looked for work as an accountant for some time.While the demand for accountants doesn't appear to be falling,there seems to be more people applying than jobs available.

Accepted Answer

A)   John and Curtis are both frictionally unemployed.
B)   John and Curtis are both structurally unemployed.
C)   John is frictionally unemployed,and Curtis is structurally unemployed.
D)   John is structurally unemployed,and Curtis is frictionally unemployed.E) None of the above
F) B) and C)

Question 3

Table 28-2
2009 Labor Data for Wrexington
 
-Refer to Table 28-2.What was Wrexington's labor-force participation rate in 2009?

Accepted Answer

A)   55 percent
B)   63 percent
C)   66.9 percent
D)   87.3 percentE) B) and D)
F) C) and D)

Question 4

The natural rate of unemployment is the desirable rate of unemployment for an economy.

Accepted Answer

A) True 
 B)False

Question 5

Suppose some country had an adult population of about 46 million,a labor-force participation rate of 75 percent,and an unemployment rate of 8 percent.How many people were unemployed?

Accepted Answer

A)   2.54 million
B)   2.76 million
C)   3.68 million
D)   8 millionE) A) and B)
F) A) and C)

Question 6

Right-to-work laws allow striking union members to be permanently replaced.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Government-run employment agencies and public training programs both seek to reduce frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 9

Minimum wages are the predominant reason for unemployment in the U.S.economy.

Accepted Answer

A) True 
 B)False

Question 10

An increase in the minimum wage would

Accepted Answer

A)   increase both the quantity demanded and the quantity supplied of labor.
B)   decrease both the quantity demanded and the quantity supplied of labor.
C)   increase the quantity of labor demanded but decrease the quantity of labor supplied.
D)   decrease the quantity of labor demanded but increase the quantity of labor supplied.E) A) and B)
F) None of the above

Question 11

The labor-force participation rate is computed as

Accepted Answer

A)   (EmployedAdult Population) 100.
B)   (EmployedLabor Force) 100.
C)   (Labor ForceAdult Population) 100.
D)   (Adult PopulationLabor Force) 100.E) B) and D)
F) B) and C)

Question 12

One explanation for long-run unemployment is that it takes time for workers to search for the jobs that are best suited for them.

Accepted Answer

A) True 
 B)False

Question 13

Within the U.S.population,women have higher rates of unemployment than men.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

The natural rate of unemployment is the desirable rate of unemployment for an economy.

Correct Answer
verified

The labor-force participation rate is computed as

Correct Answer
verified

Minimum wages are the predominant reason for unemployment in the U.S.economy.

Correct Answer
verified

Correct Answer
verified

Right-to-work laws allow striking union members to be permanently replaced.

Correct Answer
verified

One explanation for long-run unemployment is that it takes time for workers to search for the jobs that are best suited for them.

Correct Answer
verified

Government-run employment agencies and public training programs both seek to reduce frictional unemployment.

Correct Answer
verified

Table 28-2 2009 Labor Data for Wrexington -Refer to Table 28-2.What was Wrexington's labor-force participation rate in 2009?

Correct Answer
verified

The Bureau of Labor Statistics places each adult (aged 16 and older)of each surveyed household into one of four categories: employed,underemployed,unemployed,and not in the labor force.

Correct Answer
verified

An increase in the minimum wage would

Correct Answer
verified

Within the U.S.population,women have higher rates of unemployment than men.

Correct Answer
verified

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

Correct Answer
verified

Suppose some country had an adult population of about 46 million,a labor-force participation rate of 75 percent,and an unemployment rate of 8 percent.How many people were unemployed?

Correct Answer
verified

Exam 28: Unemployment

The natural rate of unemployment is the desirable rate of unemployment for an economy.

Correct AnswerverifiedShow Answer

The labor-force participation rate is computed as

Correct AnswerverifiedShow Answer

Minimum wages are the predominant reason for unemployment in the U.S.economy.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Right-to-work laws allow striking union members to be permanently replaced.

Correct AnswerverifiedShow Answer

One explanation for long-run unemployment is that it takes time for workers to search for the jobs that are best suited for them.

Correct AnswerverifiedShow Answer

Government-run employment agencies and public training programs both seek to reduce frictional unemployment.

Correct AnswerverifiedShow Answer

Table 28-2 2009 Labor Data for Wrexington -Refer to Table 28-2.What was Wrexington's labor-force participation rate in 2009?

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics places each adult (aged 16 and older)of each surveyed household into one of four categories: employed,underemployed,unemployed,and not in the labor force.

Correct AnswerverifiedShow Answer

An increase in the minimum wage would

Correct AnswerverifiedShow Answer

Within the U.S.population,women have higher rates of unemployment than men.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Suppose some country had an adult population of about 46 million,a labor-force participation rate of 75 percent,and an unemployment rate of 8 percent.How many people were unemployed?

Correct AnswerverifiedShow Answer

Correct Answer
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