Question 1

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 2

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) A) and D)
F) A) and C)

Question 3

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 4

Unions contribute to

Accepted Answer

A)   structural unemployment but not the natural rate of unemployment.
B)   the natural rate of unemployment but not structural unemployment.
C)   both structural unemployment and the natural rate of unemployment.
D)   neither structural unemployment nor the natural rate of unemployment.E) A) and B)
F) A) and C)

Question 5

A union is a type of cartel.

Accepted Answer

A) True 
 B)False

Question 6

The Bureau of Labor Statistics produces data on unemployment

Accepted Answer

A)   weekly.
B)   monthly.
C)   quarterly.
D)   yearly.E) B) and C)
F) A) and B)

Question 7

Matilda just graduated from college.In order to devote all her efforts to college,she didn't hold a job.She is going to tour around the country on her motorcycle for a month before she starts looking for work.Other things the same,the unemployment rate

Accepted Answer

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

Question 8

The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

Accepted Answer

A)   600 households.
B)   6,000 households.
C)   60,000 households.
D)   6,000,000 households.E) B) and C)
F) A) and D)

Question 9

Andre owns his own business.Oscar is an unpaid worker in his family's business.Who is included in the Bureau of Labor Statistics' "employed" category?

Accepted Answer

A)   only Andre
B)   only Oscar
C)   both Andre and Oscar
D)   neither Andre nor OscarE) A) and B)
F) All of the above

Question 10

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) C) and D)
F) B) and C)

Question 11

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)   using all of the above.E) B) and C)
F) A) and D)

Question 12

The invention of the telegraph led to the loss of jobs for those who had delivered mail by horse,but created jobs for telegraph operators and delivery persons.This is an example of

Accepted Answer

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

Question 13

Suppose that some people report themselves as unemployed when,in fact,they are working in the underground economy.If these persons were counted as employed,then

Accepted Answer

A)   both the unemployment rate and labor-force participation rate would be higher.
B)   both the unemployment rate and labor-force participation rate would be lower.
C)   the unemployment rate would be higher and the labor-force participation rate would be higher.
D)   the unemployment rate would be lower and the labor-force participation rate would be unaffected.E) A) and C)
F) None of the above

Question 14

Structural unemployment is often thought to explain relatively long spells of unemployment.

Accepted Answer

A) True 
 B)False

Question 15

Caitlin is an unpaid worker in her family's bakery.The Bureau of Labor Statistics counts Caitlin as

Accepted Answer

A)   unemployed and in the labor force.
B)   unemployed and not in the labor force.
C)   employed and in the labor force.
D)   employed and not in the labor force.E) A) and C)
F) None of the above

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Sectoral shifts contribute to frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is an explanation for the existence of frictional unemployment?

Accepted Answer

A)   efficiency wages
B)   minimum-wage laws
C)   unions
D)   job searchE) A) and C)
F) None of the above

Question 19

A firm might offer efficiency wages to reduce worker turnover and thereby reduce production costs.

Accepted Answer

A) True 
 B)False

Question 20

Unemployment insurance is designed to offer workers full protection against job loss.

Accepted Answer

A) True 
 B)False

Exam 20: Unemployment

Unions contribute to

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

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Caitlin is an unpaid worker in her family's bakery.The Bureau of Labor Statistics counts Caitlin as

Correct AnswerverifiedShow Answer

Matilda just graduated from college.In order to devote all her efforts to college,she didn't hold a job.She is going to tour around the country on her motorcycle for a month before she starts looking for work.Other things the same,the unemployment rate

Correct AnswerverifiedShow Answer

A firm might offer efficiency wages to reduce worker turnover and thereby reduce production costs.

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Andre owns his own business.Oscar is an unpaid worker in his family's business.Who is included in the Bureau of Labor Statistics' "employed" category?

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Which of the following is not correct?

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Structural unemployment is often thought to explain relatively long spells of unemployment.

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Which of the following is correct?

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The invention of the telegraph led to the loss of jobs for those who had delivered mail by horse,but created jobs for telegraph operators and delivery persons.This is an example of

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Sectoral shifts contribute to frictional unemployment.

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The Bureau of Labor Statistics produces data on unemployment

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Suppose that some people report themselves as unemployed when,in fact,they are working in the underground economy.If these persons were counted as employed,then

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

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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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A union is a type of cartel.

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Which of the following is an explanation for the existence of frictional unemployment?

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Unemployment insurance is designed to offer workers full protection against job loss.

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Unemployment data are collected

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The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about

Correct AnswerverifiedShow Answer

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