Question 1

The Bureau of Labor Statistics predicts that the number of jobs for veterinary technicians will grow faster than most occupations while the number of jobs for telephone operators will decline.This change in the labor market could lead to

Accepted Answer

A)   frictional unemployment created by efficiency wages.
B)   structural unemployment created by efficiency wages.
C)   frictional unemployment created by sectoral shifts.
D)   structural unemployment created by sectoral shifts.E) B) and C)
F) A) and B)

Question 2

The deviation of unemployment from its natural rate is called

Accepted Answer

A)   the normal rate of unemployment.
B)   deviant unemployment.
C)   cyclical unemployment.
D)   fluctuating unemployment.E) A) and D)
F) None of the above

Question 3

Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

Accepted Answer

A) True 
 B)False

Question 4

Workers searching for jobs that best suit them is most closely associated with

Accepted Answer

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

Question 5

Providing training for unemployed individuals is primarily intended to reduce

Accepted Answer

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

Question 6

Table 28-5
2010 Labor Data for Wrexington
 
-Refer to Table 28-5.The total adult population of Wrexington in 2010 is 30,000.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is correct?

Accepted Answer

A)   The amount of unemployment that a country typically experiences is a determinant of that country's standard of living,and some degree of unemployment is inevitable in a complex economy.
B)   The amount of unemployment that a country typically experiences is a determinant of that country's standard of living,and a complex economy can achieve zero unemployment.
C)   The amount of unemployment that a country typically experiences is not a determinant of that country's standard of living,and a complex economy can achieve zero unemployment.
D)   The amount of unemployment that a country typically experiences is not a determinant of that country's standard of living,and some degree of unemployment is inevitable in a complex economy.E) A) and B)
F) B) and D)

Question 8

Which of the following is not correct?

Accepted Answer

A)   Unions are exempt from U.S.antitrust laws.
B)   The Wagner Act of 1935 prevents U.S.employers from interfering when workers try to organize unions.
C)   The National Labor Relations Board is the U.S.government agency that enforces workers' right to unionize.
D)   Right-to-work laws prevent firms from hiring permanent replacements for workers who are on strike.E) A) and D)
F) B) and C)

Question 9

When a country keeps its workers as fully employed as possible,it achieves a higher level of GDP than it would if it left many of its workers standing idle.

Accepted Answer

A) True 
 B)False

Question 10

Unemployment data are collected

Accepted Answer

A)   from unemployment insurance claims.
B)   through a regular survey of about 60,000 households.
C)   through a regular survey of about 200,000 firms.
D)   Unemployment data are collected using all of the above.E) A) and D)
F) A) and C)

Question 11

Table 28-5
2010 Labor Data for Wrexington
 
-Refer to Table 28-5.The labor force of Wrexington in 2010 is 10,000.

Accepted Answer

A) True 
 B)False

Question 12

The unemployment rate is an imperfect measure of a nation's overall level of economic well-being.

Accepted Answer

A) True 
 B)False

Question 13

The efficiency-wage theory of worker health is more relevant for explaining unemployment in less developed countries than in rich countries.

Accepted Answer

A) True 
 B)False

Question 14

Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same,the unemployment rate

Accepted Answer

A)   increases and the labor-force participation rate decreases.
B)   increases and the labor-force participation rate is unaffected.
C)   is unaffected and the labor-force participation rate decreases.
D)   and the labor-force participation rate are both unaffected.E) C) and D)
F) A) and D)

Question 15

In 2004,based on concepts similar to those used to estimate U.S.employment figures,the Swedish adult non-institutionalized population was 6.712 million,the labor force was 4.576 million,and the number of people employed was 4.276 million.According to these numbers,the Swedish labor-force participation rate and unemployment rate were about

Accepted Answer

A)   63.7% and 4.5%.
B)   63.7% and 6.6%.
C)   68.2% and 4.5%.
D)   68.2% and 6.6%.E) All of the above
F) A) and B)

Question 16

Collective bargaining refers to

Accepted Answer

A)   the process by which the government sets exemptions from the minimum wage law.
B)   setting the same wage for all employees to prevent conflict among workers.
C)   firms colluding to set the wages of employees in order to keep them below equilibrium.
D)   the process by which unions and firms agree on the terms of employment.E) B) and C)
F) C) and D)

Question 17

The labor-force participation rate measures the percentage of the

Accepted Answer

A)   total adult population that is in the labor force.
B)   total adult population that is employed.
C)   labor force that is employed.
D)   labor force that is either employed or unemployed.E) A) and B)
F) C) and D)

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

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 B)
F) B) and C)

Question 20

Efficiency-wage theory suggests that paying

Accepted Answer

A)   low wages might be profitable because they raise the efficiency of a firm's workers.
B)   low wages might be profitable because they lower the efficiency of a firm's workers.
C)   high wages might be profitable because they raise the efficiency of a firm's workers.
D)   high wages might be profitable because they lower the efficiency of a firm's workers.E) A) and B)
F) A) and C)

Exam 28: Unemployment

The efficiency-wage theory of worker health is more relevant for explaining unemployment in less developed countries than in rich countries.

Correct Answer
verified

Workers searching for jobs that best suit them is most closely associated with

Correct Answer
verified

Correct Answer
verified

Efficiency-wage theory suggests that paying

Correct Answer
verified

The Bureau of Labor Statistics predicts that the number of jobs for veterinary technicians will grow faster than most occupations while the number of jobs for telephone operators will decline.This change in the labor market could lead to

Correct Answer
verified

The deviation of unemployment from its natural rate is called

Correct Answer
verified

Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The labor force of Wrexington in 2010 is 10,000.

Correct Answer
verified

Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

Correct Answer
verified

Collective bargaining refers to

Correct Answer
verified

Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The total adult population of Wrexington in 2010 is 30,000.

Correct Answer
verified

When a country keeps its workers as fully employed as possible,it achieves a higher level of GDP than it would if it left many of its workers standing idle.

Correct Answer
verified

Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same,the unemployment rate

Correct Answer
verified

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

Correct Answer
verified

Unemployment data are collected

Correct Answer
verified

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

Correct Answer
verified

Which of the following is correct?

Correct Answer
verified

The labor-force participation rate measures the percentage of the

Correct Answer
verified

Providing training for unemployed individuals is primarily intended to reduce

Correct Answer
verified

The unemployment rate is an imperfect measure of a nation's overall level of economic well-being.

Correct Answer
verified

Which of the following is not correct?

Correct Answer
verified

Exam 28: Unemployment

The efficiency-wage theory of worker health is more relevant for explaining unemployment in less developed countries than in rich countries.

Correct AnswerverifiedShow Answer

Workers searching for jobs that best suit them is most closely associated with

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Efficiency-wage theory suggests that paying

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics predicts that the number of jobs for veterinary technicians will grow faster than most occupations while the number of jobs for telephone operators will decline.This change in the labor market could lead to

Correct AnswerverifiedShow Answer

The deviation of unemployment from its natural rate is called

Correct AnswerverifiedShow Answer

Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The labor force of Wrexington in 2010 is 10,000.

Correct AnswerverifiedShow Answer

Critics of government-run employment agencies and public training programs argue that the private market is better at matching workers and jobs than the government is.

Correct AnswerverifiedShow Answer

Collective bargaining refers to

Correct AnswerverifiedShow Answer

Table 28-5 2010 Labor Data for Wrexington -Refer to Table 28-5.The total adult population of Wrexington in 2010 is 30,000.

Correct AnswerverifiedShow Answer

When a country keeps its workers as fully employed as possible,it achieves a higher level of GDP than it would if it left many of its workers standing idle.

Correct AnswerverifiedShow Answer

Sheamous loses his job and decides to sit on the beach rather than look for work during the next few months.Other things the same,the unemployment rate

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Unemployment data are collected

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

The labor-force participation rate measures the percentage of the

Correct AnswerverifiedShow Answer

Providing training for unemployed individuals is primarily intended to reduce

Correct AnswerverifiedShow Answer

The unemployment rate is an imperfect measure of a nation's overall level of economic well-being.

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

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