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Exam 15: Unemployment

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Question 51

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The efficiency-wage theory of worker health is more relevant for explaining unemployment in less developed countries than in rich countries.

A) True
B) False

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Question 52

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Today, unions play a larger role in Europe than they do in the U.S.

A) True
B) False

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Question 53

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Workers waiting for jobs to open up is most closely associated with

Which of the following is correct?

Not all unemployment ends with the job seeker finding a job.

Sample Population $\begin{array}{|l|l|}\hline \text { Person } & \text { Status } \\\hline \text { Allen } & \text { Unpaid stay at home dad. Has not looked for a job in several years. } \\\hline \text { Ben } & \text { College president. } \\\hline \text { Allison } & \text { Part-time welder. Actively looking for full time work. } \\\hline \text { Brittany } & \text { Self-employed full-time wedding singer. } \\\hline \text { Cathy } & \text { Full-time physician's assistant. } \\\hline \text { Calvin } & \text { Retired finance professor. Last applied for work } 10 \text { weeks ago. } \\\hline \text { Diane } & \text { Laid-off fork-lift operator expecting to be recalled. } \\\hline \text { David } & \text { Works for a bicycle store. Age 70. } \\\hline \text { Evelyn } & \text { Manager of health food store. } \\\hline \text { Eli } & \text { Museum guard. Was not at work last week due to ilness. } \\\hline \text { Flora } & \text { Has never been employed. Looked for a job last week. } \\\hline \text { Frank } & \text { Fired from job as an investment banker. Last looked for work three weeks ago. } \\\hline\end{array}$ -Refer to Sample Population. How many in the sample are unemployed?

Frictional unemployment can be the consequence of

The Bureau of Labor Statistics produces data on unemployment

Which of the following is not an explanation for the existence of unemployment in the long run?

Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor $\begin{array} { | l | l | } \hline \text { Males not in labar farce } & 45 \text { million } \\\hline \text { Femeles nat in labor force } & 35 \text { million } \\\hline \text { Males unemplayed } & 5 \text { millian } \\\hline \text { Fenales unemployed } & 5 \text { millian } \\\hline \text { Males employed } & 85 \text { million } \\\hline \text { Fenales enployed } & 65 \text { milling } \\\hline\end{array}$ -Refer to Table 15-3. What is the adult male labor-force participation rate in Meditor?

Table 15-3 2010 Labor Data for Adults (age 16 and older) in Meditor $\begin{array} { | l | l | } \hline \text { Males not in labar farce } & 45 \text { million } \\\hline \text { Femeles nat in labor force } & 35 \text { million } \\\hline \text { Males unemplayed } & 5 \text { millian } \\\hline \text { Fenales unemployed } & 5 \text { millian } \\\hline \text { Males employed } & 85 \text { million } \\\hline \text { Fenales enployed } & 65 \text { milling } \\\hline\end{array}$ -Refer to Table 15-3. What is the adult female unemployment rate in Meditor?

Data on unemployment indicate that most people who become unemployed will soon find jobs.

The deviation of unemployment from its natural rate is called cyclical unemployment.

Suppose the demand for construction workers increased and the demands for textile and steel workers diminished. This is an example of

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

Table 15-5 2010 Labor Data for Tajnia $\begin{array} { | l | l | } \hline \text { Number of adiults employed } & 10,000 \\\hline \text { Number of adults unemployed } & 2,250 \\\hline \text { Number of atults not in the labar force } & 17,750 \\\hline\end{array}$ -Refer to Table 15-5. The unemployment rate of Tajnia in 2010 is about 7.5 percent.

An economy's natural rate of unemployment refers to the amount of unemployment that the economy normally experiences.

Measuring the amount of unemployment in the economy is a straightforward task.

Just after World War II, the labor-force participation rate of women was

Which of the following is correct?