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According to 2012 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?


A) Black females had higher labor-force participation rates and lower unemployment rates compared to white females.
B) Black females had similar labor-force participation rates and higher unemployment rates compared to white females.
C) Black females had both lower labor-force participation rates and lower unemployment rates compared to white females.
D) Black females had lower labor-force participation rates and higher unemployment rates compared to white females.

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

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Table 28-6 Table 28-6 -Refer to Table 28-6. What is the U-3 measure of labor underutilization? A) 4.7% B) 6.2% C) 7.0% D) 10.9% -Refer to Table 28-6. What is the U-3 measure of labor underutilization?


A) 4.7%
B) 6.2%
C) 7.0%
D) 10.9%

E) B) and C)
F) A) and B)

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If the wage is kept above the equilibrium wage for any reason, the result is


A) cyclical unemployment.
B) frictional unemployment.
C) seasonal unemployment.
D) structural unemployment.

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

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Who is included in the labor force by the Bureau of Labor Statistics?


A) Dia, an unpaid homemaker not looking for other work
B) Kevin, a full-time student not looking for work
C) Sarah, who does not have a job but is looking for work
D) None of the above is correct.

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

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A union is an employer association that bargains with workers over wages, benefits, and working conditions.

A) True
B) False

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Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed.

A) True
B) False

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Figure 28-4 Figure 28-4 -Refer to Figure 28-4. If 4,000 workers are unemployed, then the minimum wage must be A) $2. B) $4. C) $5. D) $6. -Refer to Figure 28-4. If 4,000 workers are unemployed, then the minimum wage must be


A) $2.
B) $4.
C) $5.
D) $6.

E) All of the above
F) C) and D)

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Buddy is the owner of a firm that bottles beer in St. Louis, Missouri. There are many other such firms in the area. Buddy decides that if he pays his workers a wage higher than the going market wage, his profits will increase. Which of the following is a likely explanation for his decision?


A) The higher the wage, the less often his workers will choose to leave his firm.
B) The higher the wage, the lower will be the costs of obtaining needed supplies.
C) The higher the wage, the more he can charge for his beer
D) The higher the wage, the more he will have to monitor his workers for shirking.

E) A) and D)
F) C) and D)

Correct Answer

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


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 D)
F) C) and D)

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

A) True
B) False

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An increase in the minimum wage


A) reduces structural unemployment.
B) reduces frictional unemployment,
C) increases structural unemployment.
D) increases frictional unemployment.

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

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Briefly summarize the advantages and disadvantages of unemployment insurance.

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The main advantage is that unemployment ...

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The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for more narrowly defined groups.

A) True
B) False

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Most job search in the U.S. economy takes place without intervention by the government.

A) True
B) False

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Unions are exempt from U.S. antitrust laws.

A) True
B) False

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Briefly describe how labor unions can affect wages in non-unionized industries.

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If labor unions raise wages above the eq...

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


A) about 33 percent, and in 2012, it was about 50 percent.
B) about 50 percent, and in 2012, it was about 60 percent.
C) about 60 percent, and in 2012, it was about 60 percent.
D) about 90 percent, and in 2012, it was about 70 percent.

E) None of the above
F) B) and C)

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In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Italian adult non- institutionalized population was 51.070 million, the labor force was 24.710 million, and the number of people employed was 22.765 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about


A) 48.4% and 7.9%.
B) 48.4% and 3.8%.
C) 44.6% and 7.9%
D) 44.6% and 3.8%

E) All of the above
F) None of the above

Correct Answer

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

A) True
B) False

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Table 28-11 2010 Labor Data for Tajnia Table 28-11 2010 Labor Data for Tajnia -Refer to Table 28-11. The labor-force participation rate of Tajnia in 2010 is about 33.3 percent. -Refer to Table 28-11. The labor-force participation rate of Tajnia in 2010 is about 33.3 percent.

A) True
B) False

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