Question 1

From 1950 until 2000,the labor force participation rate has

Accepted Answer

A)  Increased for men and increased for women.
B)  Decreased for men and decreased for women.
C)  Increased for men and decreased for women.
D)  Decreased for men and increased for women. D

Question 2

Part-time workers who desire full-time employment are

Accepted Answer

A)  Underemployed and contribute to the unemployment statistic.
B)  Underemployed but do not contribute to the unemployment statistic.
C)  Not part of the labor force and do not contribute to the unemployment statistic.
D)  Discouraged workers and contribute to the unemployment statistic.

Question 3

When the labor force participation rate is declining,the

Accepted Answer

A)  Unemployment rate is rising faster than the total population rate.
B)  Percentage of the working-age population that is outside the labor force is declining.
C)  Percentage of the working-age population that is willing and able to work is declining.
D)  Percentage of the total population that is employed is rising.

Question 4

Those that work part-time and do not desire full-time employment are referred to as

Accepted Answer

A)  Employed.
B)  The phantom unemployed.
C)  Underemployed.
D)  Discouraged workers.

Question 5

In the 1960s the Council of Economic Advisers determined that the acceptable level of unemployment that would be used in determining full employment was

Accepted Answer

A)  5.5 percent.
B)  5 percent.
C)  4.5 percent.
D)  4 percent.

Question 6

Which of the following types of unemployment would best characterize a snow ski instructor's unemployment during the summer months?

Accepted Answer

A)  Structural unemployment.
B)  Frictional unemployment.
C)  Seasonal unemployment.
D)  Cyclical unemployment.

Question 7

Nancy returns to school to study medicine.After graduating,she spends six months looking for a job.During this period,she is considered

Accepted Answer

A)  Cyclically unemployed.
B)  Structurally unemployed.
C)  Frictionally unemployed.
D)  Seasonally unemployeD.Frictionally unemployed workers do not usually stay unemployed because they have skills that are needed by employers,but it takes some time to find the best match for the worker and the employer.

Question 8

If cyclical unemployment is zero,the economy is

Accepted Answer

A)  Outside the production possibilities curve.
B)  Inside the production possibilities curve.
C)  On the fixed production possibilities curve.
D)  On the production possibilities curve that shifts inwarD.At the natural rate of unemployment (frictional + structural) ,the economy is on the production possibilities curve.This is also where cyclical unemployment is zero.If cyclical unemployment is above zero,the economy moves inside the production possibilities curve. C

Question 9

199920002001 Population 100110125 Employed 657080 Unemployed 51020 Discouraged Workers 235\begin{array}{|l|c|c|c|}\hline & 1999 & 2000 & 2001 \\hline 	ext { Population } & 100 & 110 & 125 \\hline 	ext { Employed } & 65 & 70 & 80 \\hline 	ext { Unemployed } & 5 & 10 & 20 \\hline 	ext { Discouraged Workers } & 2 & 3 & 5 \\hline\end{array} Population  Employed  Unemployed  Discouraged Workers ​19991006552​200011070103​200112580205​​ 
  *All numbers are in millions 	ext { *All numbers are in millions } *All numbers are in millions

Table 6.4
Population and Employment in Nationland What was the unemployment rate in Nationland in 1999?

Accepted Answer

A)  7.6 percent.
B)  7.1 percent.
C)  5.0 percent.
D)  65.0 percent.

Question 10

People are not part of the labor force when they

Accepted Answer

A)  Go on vacation.
B)  Are old enough to work but choose not to work.
C)  Suffer from a temporary illness that keeps them away from their job.
D)  None of the choices are correct.

Question 11

Which of the following would not increase the physical production possibilities curve?

Accepted Answer

A)  Greater constraints for oil drilling companies.
B)  Increased availability of factors of production.
C)  Increased technology.
D)  None of the choices are correct.

Question 12

Most of the costs of unemployment can be measured in financial terms.
There are nonmonetary costs borne by the unemployed and their families.

Accepted Answer

A) True 
 B)False

Question 13

When an economy enters a recession,the

Accepted Answer

A)  Duration of unemployment rises.
B)  Cost of unemployment falls.
C)  Number of unemployed falls.
D)  Number of discouraged workers falls.

Question 14

As of 2010,approximately what percentage of the U.S.population participated in the civilian labor force?

Accepted Answer

A)  30 percent.
B)  40 percent.
C)  50 percent.
D)  60 percent.

Question 15

Explain the costs of unemployment.

Accepted Answer

One cost of unemployment is lost output,...

Question 16

Samantha recently quit her job at the university because she is looking for another job for which she is qualified in a small town.Samantha is

Accepted Answer

A)  Frictionally unemployed.
B)  Structurally unemployed.
C)  A discouraged worker and is part of the unemployment statistic.
D)  Not part of the labor force and does not contribute to the unemployment rate.

Question 17

Cyclical unemployment stems from an insufficient level of demand in the economy.
When spending on goods and services declines,layoffs will occur because companies cannot maintain the level of production and still earn profit.

Accepted Answer

A) True 
 B)False

Question 18

Who among the following is included in the labor force?

Accepted Answer

A)  A hardworking homemaker who does not want to be employed outside the home.
B)  A man doing 10 years in prison for armed robbery.
C)  The president of Microsoft.
D)  A retired commander of the armed forces.

Question 19

As a result of outsourcing,

Accepted Answer

A)  Domestic workers may become more productive.
B)  Profits decrease for domestic companies.
C)  GDP definitely decreases.
D)  Unemployment must increase in the long run. A

Question 20

All of the following are considered to be possible side effects of increased unemployment except

Accepted Answer

A)  Admissions to mental institutions.
B)  Fatal heart attacks.
C)  Decreased stress levels.
D)  None of the choices are correct.

Exam 6: Unemployment

From 1950 until 2000,the labor force participation rate has

Correct Answer
verified
D

Part-time workers who desire full-time employment are

Correct Answer
verified

When the labor force participation rate is declining,the

Correct Answer
verified

Those that work part-time and do not desire full-time employment are referred to as

Correct Answer
verified

In the 1960s the Council of Economic Advisers determined that the acceptable level of unemployment that would be used in determining full employment was

Correct Answer
verified

Which of the following types of unemployment would best characterize a snow ski instructor's unemployment during the summer months?

Correct Answer
verified

Nancy returns to school to study medicine.After graduating,she spends six months looking for a job.During this period,she is considered

Correct Answer
verified

If cyclical unemployment is zero,the economy is

Correct Answer
verified
C

Correct Answer
verified

People are not part of the labor force when they

Correct Answer
verified

Which of the following would not increase the physical production possibilities curve?

Correct Answer
verified

Most of the costs of unemployment can be measured in financial terms. There are nonmonetary costs borne by the unemployed and their families.

Correct Answer
verified

When an economy enters a recession,the

Correct Answer
verified

As of 2010,approximately what percentage of the U.S.population participated in the civilian labor force?

Correct Answer
verified

Explain the costs of unemployment.

Correct Answer
verified
One cost of unemployment is lost output,...
View Answer

Samantha recently quit her job at the university because she is looking for another job for which she is qualified in a small town.Samantha is

Correct Answer
verified

Cyclical unemployment stems from an insufficient level of demand in the economy. When spending on goods and services declines,layoffs will occur because companies cannot maintain the level of production and still earn profit.

Correct Answer
verified

Who among the following is included in the labor force?

Correct Answer
verified

As a result of outsourcing,

Correct Answer
verified
A

All of the following are considered to be possible side effects of increased unemployment except

Correct Answer
verified

Exam 6: Unemployment

From 1950 until 2000,the labor force participation rate has

Correct AnswerverifiedD

Part-time workers who desire full-time employment are

Correct AnswerverifiedShow Answer

When the labor force participation rate is declining,the

Correct AnswerverifiedShow Answer

Those that work part-time and do not desire full-time employment are referred to as

Correct AnswerverifiedShow Answer

In the 1960s the Council of Economic Advisers determined that the acceptable level of unemployment that would be used in determining full employment was

Correct AnswerverifiedShow Answer

Which of the following types of unemployment would best characterize a snow ski instructor's unemployment during the summer months?

Correct AnswerverifiedShow Answer

Nancy returns to school to study medicine.After graduating,she spends six months looking for a job.During this period,she is considered

Correct AnswerverifiedShow Answer

If cyclical unemployment is zero,the economy is

Correct AnswerverifiedC

Correct AnswerverifiedShow Answer

People are not part of the labor force when they

Correct AnswerverifiedShow Answer

Which of the following would not increase the physical production possibilities curve?

Correct AnswerverifiedShow Answer

Most of the costs of unemployment can be measured in financial terms. There are nonmonetary costs borne by the unemployed and their families.

Correct AnswerverifiedShow Answer

When an economy enters a recession,the

Correct AnswerverifiedShow Answer

As of 2010,approximately what percentage of the U.S.population participated in the civilian labor force?

Correct AnswerverifiedShow Answer

Explain the costs of unemployment.

Correct AnswerverifiedOne cost of unemployment is lost output,...View AnswerShow Answer

Samantha recently quit her job at the university because she is looking for another job for which she is qualified in a small town.Samantha is

Correct AnswerverifiedShow Answer

Cyclical unemployment stems from an insufficient level of demand in the economy. When spending on goods and services declines,layoffs will occur because companies cannot maintain the level of production and still earn profit.

Correct AnswerverifiedShow Answer

Who among the following is included in the labor force?

Correct AnswerverifiedShow Answer

As a result of outsourcing,

Correct AnswerverifiedA

All of the following are considered to be possible side effects of increased unemployment except

Correct AnswerverifiedShow Answer

Correct Answer
verified
D

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
C

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
One cost of unemployment is lost output,...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A

Correct Answer
verified