Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is correct?

Accepted Answer

A)   typically more than one third of the unemployed are new entrants into the job market.
B)   most spells of unemployment are short.
C)   most unemployment observed at any time is long term.
D)   All of the above are correct.E) A) and D)
F) B) and C)

Question 3

Table 20-4
 
-Refer to Table 20-4.What is the U-2 measure of labor underutilization?

Accepted Answer

A)   1.5 percent
B)   3.1 percent
C)   4.7 percent
D)   6.2 percentE) None of the above
F) C) and D)

Question 4

The labor-force participation rate tells us the fraction of the population that is able to participate in the labor market.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not correct?

Accepted Answer

A)   A union is a worker association that bargains with employers over wages,benefits,and working conditions.
B)   Unions play a much larger role in the U.S.labor market now than they did in the past.
C)   Unions play a large role in many European countries.
D)   A union is a type of cartel.E) A) and C)
F) B) and D)

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

If unions were formed in more industries,the supply of labor in other industries would

Accepted Answer

A)   increase,causing employment in other industries to rise.
B)   increase,causing employment in other industries to fall.
C)   decrease,causing employment in other industries to rise.
D)   decrease,causing employment in other industries to fall.E) A) and B)
F) B) and D)

Question 8

Within the U.S.,teenagers have similar rates of labor-force participation as older workers.

Accepted Answer

A) True 
 B)False

Question 9

In one year,you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year.What percentage of the unemployment spells you encountered was short-term,and what percentage of the unemployment you encountered in a given week was long-term?

Accepted Answer

A)   52 percent and 13.3 percent
B)   52 percent and 88.9 percent
C)   86.7 percent and 13.3 percent
D)   86.7 percent and 88.9 percentE) None of the above
F) B) and C)

Question 10

Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

Accepted Answer

A) True 
 B)False

Question 11

The Bureau of Labor Statistics divides the adult population into three categories: employed,unemployed,and not in the labor force.

Accepted Answer

A) True 
 B)False

Question 12

Within the U.S.,teenagers have higher rates of unemployment than older workers.

Accepted Answer

A) True 
 B)False

Question 13

Adam is looking for a job in marketing.He has had some offers and his prospects are promising but he's not yet accepted a job.Amanda lost her job working for Mercury Bicycles because many customers decided they prefer bicycles manufactured by Ultimate Bicycles instead.Who is frictionally unemployed?

Accepted Answer

A)   Adam but not Amanda
B)   Amanda but not Adam
C)   Adam and Amanda
D)   neither Amanda nor AdamE) None of the above
F) A) and B)

Question 14

Unemployment insurance increases frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 15

Table 20-2
2009 Labor Data for Baltivia
 
-Refer to Table 20-2.How many people were in Baltivia's labor force in 2009?

Accepted Answer

A)   11,000
B)   12,600
C)   13,380
D)   20,000E) None of the above
F) A) and C)

Question 16

The unemployment rate never falls to zero.

Accepted Answer

A) True 
 B)False

Question 17

The normal rate of unemployment around which the unemployment rate fluctuates is called the natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is correct?

Accepted Answer

A)   In the U.S.the natural rate of unemployment is frequently near 2%.
B)   The natural rate of unemployment fluctuates more than the cyclical rate of unemployment.
C)   The cyclical rate of unemployment is sometimes below the natural rate of unemployment.
D)   None of the above is correct.E) A) and B)
F) C) and D)

Question 19

Table 20-5
2010 Labor Data for Tajnia
 
-Refer to Table 20-5.The unemployment rate of Tajnia in 2010 is about 7.5 percent.

Accepted Answer

A) True 
 B)False

Question 20

From time to time,the demand for workers has risen in one region of the United States and fallen in another.This illustrates

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) None of the above
F) B) and C)

Exam 20: Unemployment

The unemployment rate never falls to zero.

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Which of the following is correct?

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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.

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The labor-force participation rate tells us the fraction of the population that is able to participate in the labor market.

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

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Table 20-4 -Refer to Table 20-4.What is the U-2 measure of labor underutilization?

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Unemployment insurance increases frictional unemployment.

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The Bureau of Labor Statistics divides the adult population into three categories: employed,unemployed,and not in the labor force.

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Within the U.S.,teenagers have higher rates of unemployment than older workers.

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The normal rate of unemployment around which the unemployment rate fluctuates is called the natural rate of unemployment.

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If unions were formed in more industries,the supply of labor in other industries would

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In one year,you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year.What percentage of the unemployment spells you encountered was short-term,and what percentage of the unemployment you encountered in a given week was long-term?

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From time to time,the demand for workers has risen in one region of the United States and fallen in another.This illustrates

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Table 20-2 2009 Labor Data for Baltivia -Refer to Table 20-2.How many people were in Baltivia's labor force in 2009?

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Which of the following is correct?

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Unemployment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

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Within the U.S.,teenagers have similar rates of labor-force participation as older workers.

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Table 20-5 2010 Labor Data for Tajnia -Refer to Table 20-5.The unemployment rate of Tajnia in 2010 is about 7.5 percent.

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Which of the following is not correct?

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