Question 1

Most people rely primarily on income other than their labor earnings to maintain their standard of living.

Accepted Answer

A) True 
 B)False

Question 2

A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is correct?

Accepted Answer

A)   Unemployment insurance raises structural unemployment because it reduces the job search efforts of the unemployed.
B)   Most economists are skeptical of the value of unemployment insurance primarily because they believe that it results in a poorer match between workers and jobs.
C)   Studies show that when the unemployed become ineligible for benefits,the probability of their finding a job rises markedly.
D)   All of the above are correct.

Question 4

When job search is the explanation for unemployment,workers are searching for the jobs that best suit their tastes and skills,but when the wage is above the equilibrium level,the quantity of labor supplied exceeds the quantity of labor demanded,and workers are unemployed because they are waiting for jobs to open up.

Accepted Answer

A) True 
 B)False

Question 5

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has

Accepted Answer

A)   gradually increased.
B)   remained constant.
C)   gradually decreased.
D)   been eliminated.

Question 6

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen,is structurally unemployed.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is not a contention of advocates of unions?

Accepted Answer

A)   Unions are a necessary antidote to the market power of the firms that hire workers.
B)   In the case of a "company town," a union may balance the firm's market power and protect the workers from being at the mercy of the firm's owners.
C)   The introduction of a union benefits all workers in a firm.
D)   Unions are important for helping firms respond efficiently to workers' concerns.

Question 8

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.

Question 9

Who of the following is not included in the Bureau of Labor Statistics' "employed" category?

Accepted Answer

A)   those who worked in their own business
B)   those who worked as unpaid workers in a family member's business
C)   those waiting to be recalled to a job from which they had been laid off
D)   those who were temporarily absent from work because of vacation.

Question 10

Most spells of unemployment are short.About half of unemployment spells end with an exit from the labor force.

Accepted Answer

A) True 
 B)False

Question 11

Sectoral changes in demand

Accepted Answer

A)   create frictional unemployment,while firms paying wages above equilibrium to attract a better pool of candidates creates structural unemployment.
B)   create structural unemployment,while firms paying wages above equilibrium to attract a better pool of candidates creates frictional unemployment.
C)   and firms paying wages above equilibrium to attract a better pool of candidates both create structural unemployment.
D)   and firms paying wages above equilibrium to attract a better pool of candidates both create frictional unemployment.

Question 12

Job search is the process of matching workers with appropriate jobs.

Accepted Answer

A) True 
 B)False

Exam 20: Unemployment

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen,is structurally unemployed.

Correct Answer
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Sectoral changes in demand

Correct Answer
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Which of the following is correct?

Correct Answer
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Most people rely primarily on income other than their labor earnings to maintain their standard of living.

Correct Answer
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Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has

Correct Answer
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Which of the following is not correct?

Correct Answer
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Most spells of unemployment are short.About half of unemployment spells end with an exit from the labor force.

Correct Answer
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Which of the following is not a contention of advocates of unions?

Correct Answer
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Correct Answer
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A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks.

Correct Answer
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Job search is the process of matching workers with appropriate jobs.

Correct Answer
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Who of the following is not included in the Bureau of Labor Statistics' "employed" category?

Correct Answer
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Exam 20: Unemployment

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen,is structurally unemployed.

Correct AnswerverifiedShow Answer

Sectoral changes in demand

Correct AnswerverifiedShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

Most people rely primarily on income other than their labor earnings to maintain their standard of living.

Correct AnswerverifiedShow Answer

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has

Correct AnswerverifiedShow Answer

Which of the following is not correct?

Correct AnswerverifiedShow Answer

Most spells of unemployment are short.About half of unemployment spells end with an exit from the labor force.

Correct AnswerverifiedShow Answer

Which of the following is not a contention of advocates of unions?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

A typical American worker covered by unemployment insurance receives 50 percent of his former wages for 52 weeks.

Correct AnswerverifiedShow Answer

Job search is the process of matching workers with appropriate jobs.

Correct AnswerverifiedShow Answer

Who of the following is not included in the Bureau of Labor Statistics' "employed" category?

Correct AnswerverifiedShow Answer

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