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Exam 20: Unemployment

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Question 201

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President Bigego is running for re-election against Senator Pander.Bigego proclaims that more people are working now than when he took office.Pander says that the unemployment rate is higher now than when Bigego took office.You conclude that

A) one of them must be lying.
B) both of them could be telling the truth if the labor force and employment grew at the exact same rate.
C) both of them could be telling the truth if the labor force grew slower than employment.
D) both of them could be telling the truth if the labor force grew faster than employment.

E) B) and D)
F) A) and B)

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Question 202

Multiple Choice

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The Bureau of Labor Statistics places people in the "employed" category if they

A) are temporarily absent from their jobs.
B) are self-employed.
C) work without pay in a family member's business.
D) All of the above are correct.

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

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Question 203

Multiple Choice

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Efficiency wages create a labor

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

The unemployed who quit their jobs,were fired for cause,or just entered the labor force are eligible for unemployment insurance.

Efficiency wages,minimum-wage laws,and unions all

In 2009,based on concepts similar to those used to estimate U.S.employment figures,the Japanese adult non-institutionalized population was 110.272 million,the labor force was 65.362 million,and the number of people employed was 62.242 million.According to these numbers,the Japanese labor-force participation rate and unemployment rate were about

Most spells of unemployment are

Figure 20-1 -Refer to Figure 20-1.If the government imposes a minimum wage of $4,then how many workers will be employed?

A firm might offer efficiency wages in order to reduce shirking.

Job search

The unemployed who quit their jobs,were fired for cause,or just entered the labor force are not eligible for unemployment insurance.

The Bureau of Labor Statistics reported in 2005 that there were 28.19 million people over age 25 who had no high school degree or its equivalent,11.73 million of whom were employed and 1.04 million of whom were unemployed.What were the labor-force participation rate and the unemployment rate for this group?

The Bureau of Labor Statistics' U-4 measure of joblessness includes discouraged workers.

Which of the following was not among the four industries with the largest employment in the United States a century ago?

Most economists agree that eliminating unemployment insurance would increase the nation's overall level of well-being.

The demand for labor by a certain firm is independent of the demand for that firm's product.

The Bureau of Labor Statistics produces data on unemployment,types of employment,length of the average workweek,and the duration of unemployment.

The Bureau of Labor Statistics' "unemployed" category includes those who were not employed,were available for work,and had tried to find employment during the previous 4 weeks.

Table 20-5 2010 Labor Data for Tajnia -Refer to Table 20-5.The labor-force participation rate of Tajnia in 2010 is about 33.3 percent.