Question 1

Employment can rise in one region of the country while it falls in another.

Accepted Answer

A) True 
 B)False

Question 2

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Accepted Answer

A)   Tuuli,who is waiting for her new job to start
B)   Jyri,who worked only 15 hours last week
C)   Panu,who neither has a job nor is looking for one
D)   None of the above is correct.E) None of the above
F) B) and C)

Question 3

Job search

Accepted Answer

A)   is one reason economies always experience some unemployment.
B)   is the process of matching workers with appropriate jobs.
C)   would not be a problem if all workers and all jobs were the same.
D)   All of the above are correct.E) B) and D)
F) C) and D)

Question 4

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

Accepted Answer

A)   job search
B)   unions
C)   scarcity of resources
D)   efficiency wagesE) A) and C)
F) B) and C)

Question 5

Which of the following is not a cause of the decline in the U.S.men's labor-force participation rate over the past several decades?

Accepted Answer

A)   young men now stay in school longer than their fathers and grandfathers did
B)   older men now retire earlier and live longer
C)   with more women employed,there are fewer jobs now available to men
D)   more fathers now stay at home to raise their childrenE) B) and D)
F) B) and C)

Question 6

Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 7

The Bureau of Labor Statistics' U-2 measure of joblessness includes job losers and job leavers.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

The labor-force participation rate is the percentage of the adult population that is either employed or unemployed.

Accepted Answer

A) True 
 B)False

Question 10

Why might a favorable change in the economy,such as technological improvement or a decrease in the price of imported oil,be associated with an increase in frictional unemployment?

Accepted Answer

Even generally favorable changes will us...

Question 11

Which of the following is correct?

Accepted Answer

A)   Labor force = number of employed.
B)   Labor force = population - number of unemployed.
C)   Unemployment Rate = number of unemployed(number of employed + number of unemployed) 100.
D)   Unemployment Rate = number of unemployedadult population100.E) All of the above
F) B) and C)

Question 12

Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.

Accepted Answer

A) True 
 B)False

Question 13

According to 2007 data on the U.S.population,which of the following groups of adults (ages 20 and older) has the lowest unemployment rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) B) and C)
F) C) and D)

Question 14

The reported unemployment rate should be viewed as

Accepted Answer

A)   a useful but imperfect measure of joblessness.
B)   clearly smaller than the true unemployment rate.
C)   clearly larger than the true unemployment rate.
D)   being very close to the true unemployment rate.E) C) and D)
F) A) and B)

Question 15

The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity.

Accepted Answer

A) True 
 B)False

Question 16

Table 28-5
2010 Labor Data for Wrexington
 
-Refer to Table 28-5.The labor force of Wrexington in 2010 is 12,250.

Accepted Answer

A) True 
 B)False

Question 17

Government policy can do nothing about the natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 18

Most spells of unemployment are short,and most unemployment observed at any given time is long-term.

Accepted Answer

A) True 
 B)False

Question 19

Unions are exempt from U.S.antitrust laws.

Accepted Answer

A) True 
 B)False

Question 20

Table 28-1
Labor Data for Wrexington
 
-Refer to Table 28-1.The labor-force participation rate of Wrexington in 2004 was

Accepted Answer

A)   70%.
B)   77.8%.
C)   80%.
D)   87.5%.E) A) and B)
F) All of the above

Exam 28: Unemployment

Some long-run unemployment may be explained by the fact that the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one.

Correct AnswerverifiedShow Answer

The labor-force participation rate is the percentage of the adult population that is either employed or unemployed.

Correct AnswerverifiedShow Answer

The reported unemployment rate should be viewed as

Correct AnswerverifiedShow Answer

Unions are exempt from U.S.antitrust laws.

Correct AnswerverifiedShow Answer

Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not a cause of the decline in the U.S.men's labor-force participation rate over the past several decades?

Correct AnswerverifiedShow Answer

Why might a favorable change in the economy,such as technological improvement or a decrease in the price of imported oil,be associated with an increase in frictional unemployment?

Correct AnswerverifiedEven generally favorable changes will us...View AnswerShow Answer

The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity.

Correct AnswerverifiedShow Answer

Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The labor force of Wrexington in 2010 is 12,250.

Correct AnswerverifiedShow Answer

Job search

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The Bureau of Labor Statistics' U-2 measure of joblessness includes job losers and job leavers.

Correct AnswerverifiedShow Answer

Government policy can do nothing about the natural rate of unemployment.

Correct AnswerverifiedShow Answer

According to 2007 data on the U.S.population,which of the following groups of adults (ages 20 and older) has the lowest unemployment rate?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Most spells of unemployment are short,and most unemployment observed at any given time is long-term.

Correct AnswerverifiedShow Answer

Table 28-1 Labor Data for Wrexington -Refer to Table 28-1.The labor-force participation rate of Wrexington in 2004 was

Correct AnswerverifiedShow Answer

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

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Which of the following is correct?

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Employment can rise in one region of the country while it falls in another.

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Even generally favorable changes will us...
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