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Exam 28: Unemployment

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Question 251

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If there were no factors keeping wages from reaching equilibrium then there would be no

A) cyclical unemployment.
B) frictional unemployment.
C) structural unemployment.
D) natural rate of unemployment.

E) All of the above
F) A) and B)

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Question 252

Multiple Choice

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

A) increased from 2010 to 2011 and increased from 2011 to 2012.
B) increased from 2010 to 2011 and decreased from 2011 to 2012.
C) decreased from 2010 to 2011 and increased from 2011 to 2012.
D) decreased from 2010 to 2011 and decreased from 2011 to 2012.

E) A) and D)
F) None of the above

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Question 253

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

Cyclical unemployment refers to the year-to-year fluctuations in unemployment around its natural rate.

Advocates of unions contend that unions are a necessary antidote to the market power of the firms that hire workers and that unions are important for helping firms respond efficiently to workers' concerns.

Advocates of government-run employment agencies and public training programs believe they make job search more efficient.

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

How are discouraged workers counted in the unemployment rate?

About what percentage of jobs are destroyed every year and about what percentage of workers leave their jobs in a typical month?

More than one-third of the unemployed are recent entrants into the labor force.

The amount of unemployment that a country typically experiences is a determinant of its standard of living.

Some of a firm's workers are made worse off by the introduction of a union.

Table 15-4 -Refer to Table 15-4.What is the U-6 measure of labor underutilization?

The natural rate of unemployment is any type of unemployment that does not go away on its own even in the long run.

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

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

Unemployment insurance __________ the amount of unemployment.

Minimum wages are the predominant reason for unemployment in the U.S.economy.

Which of the following is a source of frictional unemployment?

In 1914,Henry Ford began paying his workers $5 per day,about twice the going wage.As a result,turnover and absenteeism fell and productivity and profits rose.