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Most spells of unemployment are short.About half of unemployment spells end with an exit from the labor force.

A) True
B) False

Correct Answer

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The Bureau of Labor Statistics' U-1 measure of joblessness is smaller than its U-6 measure of joblessness.

A) True
B) False

Correct Answer

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The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.

A) True
B) False

Correct Answer

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Public policy can reduce frictional unemployment.

A) True
B) False

Correct Answer

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In an ideal labor market,wages would adjust to balance the quantity of labor supplied and the quantity of labor demanded,ensuring that all workers are always fully employed.

A) True
B) False

Correct Answer

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Full-time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

A) True
B) False

Correct Answer

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Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job.

A) True
B) False

Correct Answer

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The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

A) True
B) False

Correct Answer

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

A) True
B) False

Correct Answer

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The natural rate of unemployment refers to the current unemployment rate.

A) True
B) False

Correct Answer

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The rate of unemployment in a country is unrelated to its level of GDP.

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 not eligible for unemployment insurance.

A) True
B) False

Correct Answer

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Minimum-wage laws matter most for the least skilled and least experienced members of the labor force,such as teenagers.

A) True
B) False

Correct Answer

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The Bureau of Labor Statistics' household survey and establishment survey both yield information about unemployment.

A) True
B) False

Correct Answer

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Data on the unemployment rate in the U.S.since 1960 show that the unemployment rate sometimes is close to zero.

A) True
B) False

Correct Answer

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A union is a type of cartel.

A) True
B) False

Correct Answer

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The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for groups based on age,gender,and race.

A) True
B) False

Correct Answer

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Most U.S.workers have wages well above the legal minimum,so minimum-wage laws do not prevent the wage from adjusting to balance supply and demand.

A) True
B) False

Correct Answer

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Sectoral shifts contribute to structural unemployment.

A) True
B) False

Correct Answer

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The unemployment rate never falls to zero.

A) True
B) False

Correct Answer

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Showing 41 - 60 of 221

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