Question 1

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.E) A) and B)
F) None of the above

Question 2

Unions

Accepted Answer

A)   raise the wages of unionized workers and raise unemployment.
B)   raise the wages of unionized workers and reduce unemployment.
C)   reduce the wages of unionized workers and raise unemployment.
D)   reduce the wages of unionized workers and reduce unemployment.E) All of the above
F) A) and C)

Question 3

Almost half of all spells of unemployment end when the unemployed person .

Accepted Answer

leaves the...

Question 4

Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of

Accepted Answer

A)   both medical technicians and nurses' aides will rise.
B)   both medical technicians and nurses' aides will fall.
C)   medical technicians will rise, and the wages of nurses' aides will fall.
D)   nurses' aides will rise, and the wages of medical technicians will fall.E) C) and D)
F) B) and D)

Question 5

Within the U.S. population, blacks of prime working age (ages 25-54) have higher rates of unemployment than whites of prime working age (ages 25-54), regardless of gender.

Accepted Answer

A) True 
 B)False

Question 6

Table 28-8
Below is data about the labor market in the state of Northwoods. 
-Refer to Table 28-8. If the state government imposed a minimum wage of $10, how many people would be unemployed?
A)  0

Accepted Answer

A)   10,000
B)   20,000
C)   40,000D) None of the above
E) A) and C)

Question 7

Policies that reduce the time it takes unemployed workers to find new jobs can reduce the economy's natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54)  had the highest unemployment rate?

Accepted Answer

A)   white males
B)   white females
C)   black males
D)   black femalesE) C) and D)
F) All of the above

Question 10

Maury did not work last week because fire forced an evacuation of his workplace. The Bureau of Labor Statistics counts Maury 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) All of the above
F) A) and D)

Question 11

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

Accepted Answer

A)   cyclical unemployment.
B)   frictional unemployment.
C)   structural unemployment.
D)   natural rate of unemployment.E) None of the above
F) B) and C)

Question 12

Table 28-9
The table below lists the number of people by labor force classification for the country of Shelbyville. 
-Refer to Table 28-9. What is the size of the labor force, and the size of the adult population?

Accepted Answer

The labor force is 1...

Question 13

Figure 28-3 
-Refer to Figure 28-3. If the government imposes a minimum wage of $4, how many workers will be unemployed?
A)  0

Accepted Answer

A)   3,000
B)   4,000
C)   7,000D) A) and A)
E) A) and B)

Question 14

Which of the following is correct?

Accepted Answer

A)   In unionized industries, wages are above the level that would prevail in competitive markets.
B)   The introduction of a union in some industry reduces the quantity of labor demanded in that industry, causes some workers in that industry to be unemployed, and reduces wages in the rest of the economy.
C)   Critics argue that the allocation of labor resulting from unions is both inefficient and inequitable.
D)   All of the above are correct.E) B) and D)
F) All of the above

Question 15

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Accepted Answer

A)   Miguel, who is on temporary layoff
B)   Reta, who worked only 15 hours last week
C)   Marisa, who neither has a job nor is looking for one
D)   None of the above is correct.E) None of the above
F) B) and D)

Question 16

The introduction of a union into an industry creates a

Accepted Answer

A)   surplus of labor and so raises unemployment.
B)   surplus of labor and so reduces unemployment.
C)   shortage of labor and so raises unemployment.
D)   shortage of labor and so reduces unemployment.E) A) and B)
F) A) and C)

Question 17

When a union bargains successfully with employers, in that industry,

Accepted Answer

A)   both wages and unemployment increase.
B)   wages increase and unemployment decreases.
C)   wages decrease and unemployment increases.
D)   both wages and unemployment decrease.E) B) and C)
F) B) and D)

Question 18

Table 28-11
2010 Labor Data for Tajnia 
-Refer to Table 28-11. The labor force of Tajnia in 2010 is 10,000.

Accepted Answer

A) True 
 B)False

Question 19

The Bureau of Labor Statistics' U­1 measure of joblessness includes only very long­term unemployed.

Accepted Answer

A) True 
 B)False

Question 20

One reason economies always experience some unemployment is job search.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment

Unions

Correct AnswerverifiedShow Answer

The introduction of a union into an industry creates a

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Within the U.S. population, blacks of prime working age (ages 25-54) have higher rates of unemployment than whites of prime working age (ages 25-54), regardless of gender.

Correct AnswerverifiedShow Answer

Table 28-8 Below is data about the labor market in the state of Northwoods. -Refer to Table 28-8. If the state government imposed a minimum wage of $10, how many people would be unemployed? A) 0

Correct AnswerverifiedShow Answer

Maury did not work last week because fire forced an evacuation of his workplace. The Bureau of Labor Statistics counts Maury as

Correct AnswerverifiedShow Answer

Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of

Correct AnswerverifiedShow Answer

Almost half of all spells of unemployment end when the unemployed person .

Correct Answerverifiedleaves the...View AnswerShow Answer

Table 28-9 The table below lists the number of people by labor force classification for the country of Shelbyville. -Refer to Table 28-9. What is the size of the labor force, and the size of the adult population?

Correct AnswerverifiedThe labor force is 1...View AnswerShow Answer

The Bureau of Labor Statistics' U­1 measure of joblessness includes only very long­term unemployed.

Correct AnswerverifiedShow Answer

One reason economies always experience some unemployment is job search.

Correct AnswerverifiedShow Answer

Figure 28-3 -Refer to Figure 28-3. If the government imposes a minimum wage of $4, how many workers will be unemployed? A) 0

Correct AnswerverifiedShow Answer

According to 2012 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54) had the highest unemployment rate?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor force of Tajnia in 2010 is 10,000.

Correct AnswerverifiedShow Answer

Who of the following would be included in the Bureau of Labor Statistics' "unemployed" category?

Correct AnswerverifiedShow Answer

When a union bargains successfully with employers, in that industry,

Correct AnswerverifiedShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

Policies that reduce the time it takes unemployed workers to find new jobs can reduce the economy's natural rate of unemployment.

Correct AnswerverifiedShow Answer

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leaves the...
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The labor force is 1...
View Answer

The Bureau of Labor Statistics' U1 measure of joblessness includes only very longterm unemployed.

Correct Answer
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