Question 1

Spells of unemployment end about

Accepted Answer

A)   1/5 of the time with the person leaving the labor force.
B)   1/4 of the time with the person leaving the labor force.
C)   1/3 of the time with the person leaving the labor force.
D)   1/2 of the time with the person leaving the labor force.E) None of the above
F) A) and D)

Question 2

If all workers and all jobs were the same such that all workers were equally well suited for all jobs,then job search would not be a problem.

Accepted Answer

A) True 
 B)False

Question 3

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

Accepted Answer

A) True 
 B)False  True

Question 4

The labor force minus the number of employed equals the number of unemployed.

Accepted Answer

A) True 
 B)False

Question 5

If outsiders had more say in union contracts then it is likely that union wages would be

Accepted Answer

A)   higher so unemployment would be higher.
B)   higher so unemployment would be lower.
C)   lower so unemployment would be higher.
D)   lower so unemployment would be lower.E) A) and D)
F) None of the above

Question 6

Just after World War II,the labor-force participation rate of men was

Accepted Answer

A)   about 33 percent,and in 2009,it was about 50 percent.
B)   about 50 percent,and in 2009,it was about 60 percent.
C)   about 65 percent,and in 2009,it was about 60 percent.
D)   about 87 percent,and in 2009,it was about 72 percent.E) All of the above
F) C) and D)

Question 7

Within the U.S. ,blacks and whites have similar rates of unemployment.

Accepted Answer

A) True 
 B)False

Question 8

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen,is structurally unemployed.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Job search is the process of matching workers with appropriate jobs.

Accepted Answer

A) True 
 B)False

Question 11

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) B) and D)
F) All of the above

Question 12

Unions are often thought to cause conflict between different groups of workers -- between the insiders who benefit from high union wages and the outsiders who do not get the union jobs.

Accepted Answer

A) True 
 B)False

Question 13

Economists at the Congressional Budget Office estimated that for 2009,the U.S.natural rate of unemployment was

Accepted Answer

A)   2.5 percent.
B)   3.0 percent.
C)   5.0 percent.
D)   6.5 percent.E) A) and D)
F) None of the above

Question 14

Which of the following is not correct?

Accepted Answer

A)   Frictional unemployment results from the process of matching workers and jobs.
B)   Structural unemployment results when the number of jobs is insufficient for the number of workers.
C)   Minimum wages are the predominant reason for unemployment in the U.S.economy.
D)   When a minimum-wage law forces the wage to remain above the level that balances supply and demand,it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.E) All of the above
F) None of the above

Question 15

Labor unions

Accepted Answer

A)   prefer to operate in states with right-to-work laws.
B)   are similar to cartels.
C)   play a larger role in the current U.S.economy than in European countries such as Norway and Sweden.
D)   attract a membership of about 25 percent of current U.S.workers.E) A) and C)
F) All of the above B

Question 16

The labor-force participation rate equals the percentage of the total adult population that is in the labor force.

Accepted Answer

A) True 
 B)False

Question 17

Cyclical unemployment is caused by

Accepted Answer

A)   frictional and structural unemployment
B)   frictional but not structural unemployment
C)   structural but not frictional unemployment
D)   neither frictional nor structural unemploymentE) All of the above
F) A) and C)

Question 18

Consider two labor markets in which jobs are equally attractive in all respects other than the wage rate.All workers are equally able to do either job.Initially,both labor markets are perfectly competitive.If a union organizes workers in one of the markets,then the wage rates will tend to

Accepted Answer

A)   rise in both markets.
B)   fall in both markets
C)   rise for the union jobs,but remain unchanged for the nonunion jobs.
D)   rise for the union jobs and fall for the nonunion jobs.E) All of the above
F) A) and D)

Question 19

The Bureau of Labor Statistics' household survey and establishment survey both yield the same results about total employment.

Accepted Answer

A) True 
 B)False

Question 20

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Accepted Answer

A) True 
 B)False  True

Exam 28: Unemployment

Spells of unemployment end about

Correct AnswerverifiedShow Answer

If all workers and all jobs were the same such that all workers were equally well suited for all jobs,then job search would not be a problem.

Correct AnswerverifiedShow Answer

Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.

Correct AnswerverifiedTrue

The labor force minus the number of employed equals the number of unemployed.

Correct AnswerverifiedShow Answer

If outsiders had more say in union contracts then it is likely that union wages would be

Correct AnswerverifiedShow Answer

Just after World War II,the labor-force participation rate of men was

Correct AnswerverifiedShow Answer

Within the U.S. ,blacks and whites have similar rates of unemployment.

Correct AnswerverifiedShow Answer

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen,is structurally unemployed.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Job search is the process of matching workers with appropriate jobs.

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

Unions are often thought to cause conflict between different groups of workers -- between the insiders who benefit from high union wages and the outsiders who do not get the union jobs.

Correct AnswerverifiedShow Answer

Economists at the Congressional Budget Office estimated that for 2009,the U.S.natural rate of unemployment was

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

Labor unions

Correct AnswerverifiedB

The labor-force participation rate equals the percentage of the total adult population that is in the labor force.

Correct AnswerverifiedShow Answer

Cyclical unemployment is caused by

Correct AnswerverifiedShow Answer

Consider two labor markets in which jobs are equally attractive in all respects other than the wage rate.All workers are equally able to do either job.Initially,both labor markets are perfectly competitive.If a union organizes workers in one of the markets,then the wage rates will tend to

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics' household survey and establishment survey both yield the same results about total employment.

Correct AnswerverifiedShow Answer

Studies have shown that the design of the unemployment insurance system reduces the job search effort of the unemployed.

Correct AnswerverifiedTrue

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B

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True