Question 1

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Accepted Answer

A)   and firms paying wages above equilibrium to improve worker health both create frictional unemployment.
B)   creates frictional unemployment, while firms paying wages above equilibrium to improve worker health creates structural unemployment.
C)   creates structural unemployment, while firms paying wages above equilibrium to improve worker health creates frictional unemployment.
D)   and firms paying wages above equilibrium to improve worker health both create structural unemployment.E) B) and C)
F) A) and D)

Question 2

The designation "natural" implies that the natural rate of unemployment

Accepted Answer

A)   is desirable.
B)   is constant over time.
C)   is impervious to economic policy.
D)   does not go away on its own even in the long run.E) A) and B)
F) A) and C)

Question 3

Which of the following is not correct?

Accepted Answer

A)   Frictional unemployment is inevitable in a dynamic economy.
B)   Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards.
C)   At least 10 percent of U.S. manufacturing jobs are destroyed every year.
D)   More than 13 percent of U.S. workers leave their jobs in a typical month.E) A) and D)
F) B) and C)

Question 4

Table 28-9
The table below lists the number of people by labor force classification for the country of Shelbyville.
 
-Refer to Table 28-9. What is the size of the labor force, and the size of the adult population?

Accepted Answer

The labor force is 1...

Question 5

In the U.S., the National Labor Relations Board is the government agency that enforces workers' right to unionize.

Accepted Answer

A) True 
 B)False

Question 6

Jai Li just lost her job, and she has not yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li 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) None of the above
F) All of the above

Question 7

An increase in the minimum wage

Accepted Answer

A)   increases both the quantity demanded and the quantity supplied of labor.
B)   decreases both the quantity demanded and the quantity supplied of labor.
C)   increases the quantity of labor demanded but decreases the quantity of labor supplied.
D)   decreases the quantity of labor demanded but increases the quantity of labor supplied.E) C) and D)
F) A) and B)

Question 8

Which of the following is not an explanation for the existence of structural unemployment?

Accepted Answer

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

Question 9

Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were unemployed?

Accepted Answer

A)   1.425 million
B)   1.5 million
C)   2.5 million
D)   5 millionE) A) and B)
F) A) and D)

Question 10

The amount of unemployment varies little over time and across countries.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is correct?

Accepted Answer

A)   Union membership in the United States peaked in the 1940s and 1950s.
B)   Unions play a larger role in the United States than in European countries such as Belgium, France, and Germany.
C)   Because of the popularity of unions, most workers in the United States discuss their wages, benefits, and working conditions with their employers as a group.
D)   Collective bargaining is the process by which unions negotiate membership dues with the National Labor Relations Board.E) All of the above
F) B) and C)

Question 12

People who are unemployed because wages are, for some reason, set above the level that brings labor supply and demand into equilibrium are best classified as

Accepted Answer

A)   cyclically unemployed.
B)   structurally unemployed.
C)   frictionally unemployed.
D)   discouraged workers.E) A) and B)
F) A) and C)

Question 13

Today, the four industries with the largest employment in the United States are autos, aircraft, communications, and electrical components.

Accepted Answer

A) True 
 B)False

Question 14

A century ago, the four industries with the largest employment in the United States were cotton goods, woolen goods, men's clothing, and lumber.

Accepted Answer

A) True 
 B)False

Question 15

Who would be included in the labor force?

Accepted Answer

A)   Maggie, who plans to work at the newspaper next year when she turns 16 years old.
B)   Lisa, who is unhappy with her current job.
C)   Bart, who is a full-time student and uninterested in finding employment.
D)   None of the above is correct.E) All of the above
F) C) and D)

Question 16

Minimum-wage laws affect all workers.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is not one of the categories into which the Bureau of Labor Statistics places each adult of each surveyed household?

Accepted Answer

A)   employed
B)   unemployed
C)   underemployed
D)   not in the labor forceE) B) and D)
F) B) and C)

Question 18

According to 2012 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?

Accepted Answer

A)   Black females had higher labor-force participation rates and lower unemployment rates compared to white females.
B)   Black females had similar labor-force participation rates and higher unemployment rates compared to white females.
C)   Black females had both lower labor-force participation rates and lower unemployment rates compared to white females.
D)   Black females had lower labor-force participation rates and higher unemployment rates compared to white females.E) A) and B)
F) A) and C)

Question 19

Figure 28-4 
-Refer to Figure 28-4. If the government imposes a minimum wage of $5, how many workers will be unemployed?

Accepted Answer

A)   0
B)   2,000
C)   4,000
D)   6,000E) A) and B)
F) All of the above

Question 20

Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of

Accepted Answer

A)   both medical technicians and nurses' aides will rise.
B)   both medical technicians and nurses' aides will fall.
C)   medical technicians will rise, and the wages of nurses' aides will fall.
D)   nurses' aides will rise, and the wages of medical technicians will fall.E) B) and C)
F) A) and D)

Exam 20: Unemployment

Which of the following is not an explanation for the existence of structural unemployment?

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The amount of unemployment varies little over time and across countries.

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Table 28-9 The table below lists the number of people by labor force classification for the country of Shelbyville. -Refer to Table 28-9. What is the size of the labor force, and the size of the adult population?

Correct AnswerverifiedThe labor force is 1...View AnswerShow Answer

Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were unemployed?

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Job search

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Minimum-wage laws affect all workers.

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An increase in the minimum wage

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A century ago, the four industries with the largest employment in the United States were cotton goods, woolen goods, men's clothing, and lumber.

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People who are unemployed because wages are, for some reason, set above the level that brings labor supply and demand into equilibrium are best classified as

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Which of the following is not correct?

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In the U.S., the National Labor Relations Board is the government agency that enforces workers' right to unionize.

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Which of the following is not one of the categories into which the Bureau of Labor Statistics places each adult of each surveyed household?

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According to 2012 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?

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Which of the following is correct?

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The designation "natural" implies that the natural rate of unemployment

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Figure 28-4 -Refer to Figure 28-4. If the government imposes a minimum wage of $5, how many workers will be unemployed?

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Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of

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Who would be included in the labor force?

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Jai Li just lost her job, and she has not yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as

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Today, the four industries with the largest employment in the United States are autos, aircraft, communications, and electrical components.

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The labor force is 1...
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