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Exam 15: Unemployment

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Question 41

True/False

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The Bureau of Labor Statistics' household survey and establishment survey both yield information about unemployment.

A) True
B) False

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Question 42

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Figure 15-1 -Refer to Figure 15-1. If the government imposes a minimum wage of $8, then employment will decrease by

A) 0 workers.
B) 2000 workers.
C) 3000 workers.
D) 4000 workers.

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

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Question 43

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The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households, called the Current Population Survey.

Adults who were not working but who had jobs from which they were temporarily absent are included in the Bureau of Labor Statistics' "employed" category.

The efficiency-wage theory of worker health is

Unions contribute to

Efficiency wages

Over the past several decades in the United States, the labor-force participation rate of women has

According to the theory of efficiency wages, firms operate more efficiently if wages are below the equilibrium level.

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 in the labor force?

Data show that at least 10 percent of U.S. manufacturing jobs are destroyed every year.

Unions

Most economists believe unions are bad for the economy as a whole.

Within the U.S. population, women ages 20 and older have similar rates of labor-force participation as men.

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

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

According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older) had the highest labor-force participation rate?

Which list contains two periods when the U.S. unemployment rate was below the natural rate of unemployment?

Which of the following is not one of the categories into which the Bureau of Labor Statistics places each adult of each surveyed household?

Which of the following does not create unemployment by keeping wages above the equilibrium level?