Question 1

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks,improved birth control,and changing political and social attitudes.

Accepted Answer

A) True 
 B)False

Question 2

Ava owns her own business.The Bureau of Labor Statistics counts Ava 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) C) and D)

Question 3

Table 15-3
2010 Labor Data for Adults (age 16 and older) in Meditor
 
-Refer to Table 15-3.What is the adult female population in Meditor?

Accepted Answer

A)   40 million
B)   70 million
C)   100 million
D)   105 millionE) None of the above
F) B) and D)

Question 4

A firm may pay efficiency wages in an attempt to

Accepted Answer

A)   reduce incentives to shirk.
B)   reduce turnover.
C)   attract a well-qualified pool of applicants.
D)   All of the above are correct.E) All of the above
F) A) and B)

Question 5

Refer to Scenario 28-1.How many people are unemployed?

Accepted Answer

A)   1 million
B)   3 million
C)   4 million
D)   5 millionE) B) and C)
F) A) and C)

Question 6

Table 15-5
2010 Labor Data for Tajnia
 
-Refer to Table 15-5.The labor force of Tajnia in 2010 is 10,000.

Accepted Answer

A) True 
 B)False

Question 7

A person who is counted as unemployed by the Bureau of Labor Statistics

Accepted Answer

A)   is also in the labor force.
B)   must have recently looked for work or be on temporary layoff.
C)   must be at least 16 years old.
D)   All of the above are correct.E) A) and D)
F) None of the above

Question 8

The BLS counts discouraged workers as

Accepted Answer

A)   employed.Including them as employed makes the unemployment rate lower than otherwise.
B)   unemployed.Including them as unemployed makes the unemployment rate higher than otherwise.
C)   out of the labor force.If the were counted as unemployed the unemployment rate would be higher.
D)   None of the above is correct.E) All of the above
F) C) and D)

Question 9

Figure 15-1 
-Refer to Figure 15-1.If the government imposes a minimum wage of $4,then employment will decrease by

Accepted Answer

A)   0 workers.
B)   2000 workers.
C)   3000 workers.
D)   4000 workers.E) All of the above
F) A) and B)

Question 10

In the early 1900s,Henry Ford introduced

Accepted Answer

A)   a high-wage policy,and this policy produced many of the effects predicted by efficiency-wage theory.
B)   a high-wage policy,and this policy produced none of the effects predicted by efficiency-wage theory.
C)   a low-wage policy,and this policy produced many of the effects predicted by efficiency-wage theory.
D)   a low-wage policy,and this policy produced none of the effects predicted by efficiency-wage theory.E) A) and B)
F) A) and D)

Question 11

Table 15-1
Labor Data for Aridia
 
-Refer to Table 15-1.The unemployment rate of Aridia in 2011 was

Accepted Answer

A)   20%.
B)   31.6%.
C)   46.2%.
D)   63.3%.E) A) and B)
F) None of the above

Question 12

Table 15-2
2009 Labor Data for Baltivia
 
-Refer to Table 15-2.What was Baltivia's labor-force participation rate in 2009?

Accepted Answer

A)   55 percent
B)   63 percent
C)   66.9 percent
D)   87.3 percentE) A) and B)
F) All of the above

Question 13

Labor unions

Accepted Answer

A)   raise wages in unionized industries.
B)   create labor shortages in non-unionized industries.
C)   play a larger role in the current U.S.economy than in European countries such as Norway and Sweden.
D)   prefer to operate in states with right-to-work laws.E) A) and B)
F) B) and C)

Question 14

Briefly describe how labor unions can affect wages in non-unionized industries.

Accepted Answer

If labor unions raise wages above the eq...

Question 15

Public policy

Accepted Answer

A)   can reduce both frictional unemployment and the natural rate of unemployment.
B)   can reduce frictional unemployment,but it cannot reduce the natural rate of unemployment.
C)   cannot reduce frictional unemployment,but it can reduce the natural rate of unemployment.
D)   cannot reduce either frictional unemployment or the natural rate of unemployment.E) None of the above
F) A) and D)

Question 16

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 17

Which of the following is correct?

Accepted Answer

A)   In the U.S.it is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment.Unions may keep wages above their equilibrium level.
B)   In the U.S.it is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment.Unions cannot keep wages above their equilibrium level.
C)   In the U.S.minimum-wage laws cause unemployment even for people with high skills and much experience.Unions may keep wages above their equilibrium level.
D)   In the U.S.minimum-wage laws cause unemployment even for people with high skills and much experience.Unions cannot keep wages above their equilibrium level.E) A) and B)
F) B) and C)

Question 18

Which of the following raises a country's standard of living?

Accepted Answer

A)   (i) and (ii) only
B)   (iii) only
C)   (ii) and (iii) only
D)   (i) , (ii) ,and (iii) E) All of the above
F) A) and B)

Question 19

A typical American worker covered by unemployment insurance receives

Accepted Answer

A)   50 percent of his former wages for 26 weeks.
B)   50 percent of his former wages for 52 weeks.
C)   100 percent of his former wages for 26 weeks.
D)   100 percent of his former wages for 52 weeks.E) None of the above
F) All of the above

Question 20

Suppose that computer factory workers and cell phone factory workers have no unions.Now suppose that cell phone factory workers form unions.What does this do the labor supply of and wages of workers in computer factories?

Accepted Answer

A)   It increases the labor supply and wages of computer factory workers.
B)   It increases the labor supply and decreases the wages of computer factory workers.
C)   It decreases the labor supply and increases the wages of computer factory workers.
D)   It decreases the labor supply and wages of computer factory workers.E) A) and B)
F) B) and C)

Exam 28: Unemployment

Figure 15-1 -Refer to Figure 15-1.If the government imposes a minimum wage of $4,then employment will decrease by

Correct AnswerverifiedShow Answer

Table 15-1 Labor Data for Aridia -Refer to Table 15-1.The unemployment rate of Aridia in 2011 was

Correct AnswerverifiedShow Answer

Which of the following raises a country's standard of living?

Correct AnswerverifiedShow Answer

Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor -Refer to Table 15-3.What is the adult female population in Meditor?

Correct AnswerverifiedShow Answer

Briefly describe how labor unions can affect wages in non-unionized industries.

Correct AnswerverifiedIf labor unions raise wages above the eq...View AnswerShow Answer

A firm may pay efficiency wages in an attempt to

Correct AnswerverifiedShow Answer

In the early 1900s,Henry Ford introduced

Correct AnswerverifiedShow Answer

Ava owns her own business.The Bureau of Labor Statistics counts Ava as

Correct AnswerverifiedShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

Table 15-5 2010 Labor Data for Tajnia -Refer to Table 15-5.The labor force of Tajnia in 2010 is 10,000.

Correct AnswerverifiedShow Answer

A typical American worker covered by unemployment insurance receives

Correct AnswerverifiedShow Answer

Table 15-2 2009 Labor Data for Baltivia -Refer to Table 15-2.What was Baltivia's labor-force participation rate in 2009?

Correct AnswerverifiedShow Answer

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks,improved birth control,and changing political and social attitudes.

Correct AnswerverifiedShow Answer

Suppose that computer factory workers and cell phone factory workers have no unions.Now suppose that cell phone factory workers form unions.What does this do the labor supply of and wages of workers in computer factories?

Correct AnswerverifiedShow Answer

Public policy

Correct AnswerverifiedShow Answer

A person who is counted as unemployed by the Bureau of Labor Statistics

Correct AnswerverifiedShow Answer

Labor unions

Correct AnswerverifiedShow Answer

The BLS counts discouraged workers as

Correct AnswerverifiedShow Answer

Refer to Scenario 28-1.How many people are unemployed?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
If labor unions raise wages above the eq...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified