Question 1

Sectoral shifts in demand for output

Accepted Answer

A)   create structural unemployment.
B)   immediately reduce unemployment.
C)   increase unemployment due to job search.
D)   do not affect demand for labor.E) B) and D)
F) B) and C)

Question 2

Causes of the decline in the U.S.men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did,older men now retiring earlier and living longer,and more fathers now staying at home to raise their children.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is not a reason economies experience structural unemployment?

Accepted Answer

A)   job search
B)   unions
C)   minimum-wage laws
D)   efficiency wagesE) A) and C)
F) All of the above

Question 4

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

Accepted Answer

A)   cyclical unemployment.
B)   frictional unemployment.
C)   seasonal unemployment.
D)   structural unemployment.E) A) and B)
F) A) and C)

Question 5

Refer to Scenario 28-1.What is the unemployment rate?

Accepted Answer

A)   3.3%
B)   6.7%
C)   10.7%
D)   12%E) B) and C)
F) None of the above

Question 6

Table 15-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 15-3.What is the adult labor force in Meditor?

Accepted Answer

A)   90 million
B)   150 million
C)   160 million
D)   230 millionE) B) and D)
F) B) and C)

Question 7

Most job search in the U.S.economy takes place without intervention by the government.

Accepted Answer

A) True 
 B)False

Question 8

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) A) and D)
F) A) and C)

Question 9

The natural rate of unemployment is impervious to economic policy.

Accepted Answer

A) True 
 B)False

Question 10

Table 15-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 15-3.What is the adult male labor-force participation rate in Meditor?

Accepted Answer

A)   37 percent
B)   63 percent
C)   66.7 percent
D)   96.3 percentE) C) and D)
F) A) and D)

Question 11

Josh is a full-time college student who is not working or looking for a job.The Bureau of Labor Statistics counts Josh as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed,but not in the labor force.
C)   in the labor force,but not unemployed.
D)   neither in the labor force nor unemployed.E) All of the above
F) B) and C)

Question 12

The labor force equals the

Accepted Answer

A)   number of people employed.
B)   number of people employed plus the number of people unemployed.
C)   number of people employed plus the number of people unemployed plus teenagers between ages 14 and 16 who work at least 10 hours a week.
D)   adult population.E) B) and C)
F) None of the above

Question 13

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

Accepted Answer

A)   availability of reliable birth control
B)   invention of household labor-saving devices such as dishwashers and microwave ovens
C)   an increasing number of women who work to support their parents
D)   changing social attitudes about working mothersE) All of the above
F) A) and D)

Question 14

The Bureau of Labor Statistics' U-1 measure of joblessness includes only very long-term unemployed.

Accepted Answer

A) True 
 B)False

Question 15

Table 15-2
2009 Labor Data for Baltivia
 
-Refer to Table 15-2.How many people were employed in Baltivia in 2009?

Accepted Answer

A)   9,600
B)   10,600
C)   11,000
D)   11,200E) C) and D)
F) All of the above

Question 16

More than 30 percent of U.S.workers leave their jobs in a typical month.

Accepted Answer

A) True 
 B)False

Question 17

All else equal,which of the following would increase the unemployment rate?

Accepted Answer

A)   (i) and (ii) only
B)   (iii) only
C)   (ii) and (iii) only
D)   (ii) , (iii) ,and (iv) onlyE) A) and D)
F) All of the above

Question 18

Table 15-5
2010 Labor Data for Tajnia
 
-Refer to Table 15-5.The labor-force participation rate of Tajnia in 2010 is about 33.3 percent.

Accepted Answer

A) True 
 B)False

Question 19

The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for more narrowly defined groups.

Accepted Answer

A) True 
 B)False

Question 20

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 C)
F) All of the above

Exam 28: Unemployment

The labor-force participation rate is computed as

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The Bureau of Labor Statistics' U-1 measure of joblessness includes only very long-term unemployed.

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The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for more narrowly defined groups.

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The labor force equals the

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Most job search in the U.S.economy takes place without intervention by the government.

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Causes of the decline in the U.S.men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did,older men now retiring earlier and living longer,and more fathers now staying at home to raise their children.

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Refer to Scenario 28-1.What is the unemployment rate?

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Which of the following is not a reason economies experience structural unemployment?

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All else equal,which of the following would increase the unemployment rate?

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

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Table 15-5 2010 Labor Data for Tajnia -Refer to Table 15-5.The labor-force participation rate of Tajnia in 2010 is about 33.3 percent.

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

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

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Table 15-2 2009 Labor Data for Baltivia -Refer to Table 15-2.How many people were employed in Baltivia in 2009?

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More than 30 percent of U.S.workers leave their jobs in a typical month.

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Josh is a full-time college student who is not working or looking for a job.The Bureau of Labor Statistics counts Josh as

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The natural rate of unemployment is impervious to economic policy.

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Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 15-3.What is the adult labor force in Meditor?

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Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 15-3.What is the adult male labor-force participation rate in Meditor?

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Sectoral shifts in demand for output

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