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Over the past several decades in the United States,the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased.

A) True
B) False

Correct Answer

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

A) True
B) False

Correct Answer

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A union is an employer association that bargains with workers over wages,benefits,and working conditions.

A) True
B) False

Correct Answer

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Changes in the products for which a nation has a comparative advantage create sectoral shocks leading to an increase in frictional unemployment.

A) True
B) False

Correct Answer

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Not all unemployment ends with the job seeker finding a job.

A) True
B) False

Correct Answer

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According to the theory of efficiency wages,firms operate more efficiently if wages are above the equilibrium level.

A) True
B) False

Correct Answer

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

A) True
B) False

Correct Answer

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The labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market.

A) True
B) False

Correct Answer

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If the wage is kept above the equilibrium wage for any reason,the result is structural unemployment.

A) True
B) False

Correct Answer

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The unemployed who quit their jobs,were fired for cause,or just entered the labor force are eligible for unemployment insurance.

A) True
B) False

Correct Answer

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

A) True
B) False

Correct Answer

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A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks.

A) True
B) False

Correct Answer

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Most people rely primarily on income other than their labor earnings to maintain their standard of living.

A) True
B) False

Correct Answer

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The natural rate of unemployment is impervious to economic policy.

A) True
B) False

Correct Answer

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Frictional unemployment is often thought to explain relatively short spells of unemployment.

A) True
B) False

Correct Answer

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Long-run unemployment arises from a single problem that has a single solution.

A) True
B) False

Correct Answer

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Structural unemployment results when wages are,for some reason,set above the level that brings supply and demand into equilibrium.

A) True
B) False

Correct Answer

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If all workers and all jobs were the same such that all workers were equally well suited for all jobs,then there would be no frictional unemployment.

A) True
B) False

Correct Answer

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When job search is the explanation for unemployment,workers are searching for the jobs that best suit their tastes and skills,but when the wage is above the equilibrium level,the quantity of labor supplied exceeds the quantity of labor demanded,and workers are unemployed because they are waiting for jobs to open up.

A) True
B) False

Correct Answer

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The introduction of a union into a firm benefits all of that firm's workers.

A) True
B) False

Correct Answer

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Showing 121 - 140 of 221

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