Question 1

Other things the same, countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.

Accepted Answer

A) True 
 B)False

Question 2

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 3

Full-time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Accepted Answer

A) True 
 B)False

Question 4

List the four types of efficiency-wage theory.

Accepted Answer

Worker health, worke...

Question 5

Sectoral shifts contribute to structural unemployment.

Accepted Answer

A) True 
 B)False

Question 6

The labor-force participation rate tells us the fraction of the population that

Accepted Answer

A)  has chosen to participate in the labor market.
B)  is able to participate in the labor market.
C)  has ever been employed.
D)  has chosen not to participate in the labor market.E) C) and D)
F) A) and B)

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Unemployment insurance

Accepted Answer

A)  reduces job search effort which lowers unemployment.
B)  increases job search effort which raises unemployment.
C)  reduces job search effort which raises unemployment.
D)  increases job search effort which decreases unemployment.E) All of the above
F) None of the above

Question 9

If a union and a firm cannot reach an agreement on the terms of employment, then the union can organize a withdrawal of labor from the firm, called a strike.

Accepted Answer

A) True 
 B)False

Question 10

Give a few examples of how sectoral shifts temporarily cause unemployment.

Accepted Answer

Examples should focus on sectors of the ...

Question 11

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

List the main employment characteristics over which a labor union negotiates for its workers.

Accepted Answer

higher wages, better...

Question 14

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

Accepted Answer

leaves the...

Question 15

Collective bargaining refers to

Accepted Answer

A)  the process by which the government sets exemptions from the minimum wage law.
B)  setting the same wage for all employees to prevent conflict among workers.
C)  firms colluding to set the wages of employees below equilibrium.
D)  the process by which unions and firms agree on the terms of employment.E) B) and D)
F) B) and C)

Question 16

Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is correct?

Accepted Answer

A)  Union membership in the United States peaked in the 1940s and 1950s.
B)  Unions play a larger role in the United States than in European countries such as Belgium, France, and Germany.
C)  Because of the popularity of unions, most workers in the United States discuss their wages, benefits, and working conditions with their employers as a group.
D)  Individuals have more market power over their wages than a group of individuals in a union.E) A) and D)
F) All of the above

Question 18

The Bureau of Labor Statistics divides the adult population into three categories: employed, unemployed, and not in the labor force.

Accepted Answer

A) True 
 B)False

Question 19

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Accepted Answer

A) True 
 B)False

Question 20

Government policy can do nothing about the natural rate of unemployment.

Accepted Answer

A) True 
 B)False

Exam 28: Unemployment and Its Natural Rate

Give a few examples of how sectoral shifts temporarily cause unemployment.

Correct AnswerverifiedExamples should focus on sectors of the ...View AnswerShow Answer

The destruction of manufacturing jobs and workers leaving their jobs to find better ones both contribute to frictional unemployment.

Correct AnswerverifiedShow Answer

List the main employment characteristics over which a labor union negotiates for its workers.

Correct Answerverifiedhigher wages, better...View AnswerShow Answer

Other things the same, countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.

Correct AnswerverifiedShow Answer

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

Correct Answerverifiedleaves the...View AnswerShow Answer

Which of the following is correct?

Correct AnswerverifiedShow Answer

Unemployment insurance

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 gradually decreased.

Correct AnswerverifiedShow Answer

If a union and a firm cannot reach an agreement on the terms of employment, then the union can organize a withdrawal of labor from the firm, called a strike.

Correct AnswerverifiedShow Answer

Sectoral shifts contribute to structural unemployment.

Correct AnswerverifiedShow Answer

Full-time students and homemakers are included in the Bureau of Labor Statistics' "unemployed" category.

Correct AnswerverifiedShow Answer

List the four types of efficiency-wage theory.

Correct AnswerverifiedWorker health, worke...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Collective bargaining refers to

Correct AnswerverifiedShow Answer

Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category.

Correct AnswerverifiedShow Answer

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes.

Correct AnswerverifiedShow Answer

The labor-force participation rate tells us the fraction of the population that

Correct AnswerverifiedShow Answer

The Bureau of Labor Statistics divides the adult population into three categories: employed, unemployed, and not in the labor force.

Correct AnswerverifiedShow Answer

Government policy can do nothing about the natural rate of unemployment.

Correct AnswerverifiedShow Answer

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no frictional unemployment.

Correct AnswerverifiedShow Answer

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Examples should focus on sectors of the ...
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higher wages, better...
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leaves the...
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Worker health, worke...
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