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Unemployment Quiz 5

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The Bureau of Labor Statistics is part of the U.S. Department of

a)

the Treasury.

b)

Commerce.

c)

Labor.

d)

the Interior.

2.

Unemployment numbers reported by the Bureau of Labor Statistics are reported based on a

a)

monthly survey of about 60,000 households

b)

monthly survey of about 6,000 households

c)

weekly survey of about 60,000 households

d)

weekly survey of about 6,000 households

3.

Who of the following are included in the Bureau of Labor Statistics’ “employed” category?

a)

certain unpaid workers

b)

part-time workers

c)

workers on vacation

d)

All of the above are correct.

4.

For the Bureau of Labor Statistics to place someone in the “unemployed” category, that person must

a)

be available for work.

b)

have tried to find employment during the previous week.

c)

have previously been employed.

d)

All of the above are correct.

5.

Which of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unemployed?

a)

anyone who is not employed

b)

anyone who is not employed, is available for work, and has looked for work in the past 4 weeks

c)

anyone who is not employed, is available for work, has looked for work in the past 4 weeks, and anyone who is waiting to be recalled from a job from which they have been laid off

d)

anyone who is not employed, is available for work, has looked for work in the past 4 weeks, anyone who is waiting to be recalled from a job from which they have been laid off, and anyone who is employed part time and has searched for full time employment in the past 4 weeks

6.

Danielle did not work last week because flooding forced an evacuation of her workplace. The Bureau of Labor Statistics counts Danielle as

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.

7.

Refer to Table 15-2. How many people were employed in Baltivia in 2009?

a)

9,600

b)

10,600

c)

11,000

d)

11,200

8.

Which of the following is a cause of the changing role of women in American society over the past several decades?

a)

new technologies that have reduced the amount of time required to complete routine household tasks

b)

improved birth control

c)

changing political and social attitudes

d)

All of the above are correct.

9.

Which of the following is not a cause of the decline in the U.S. men’s labor-force participation rate over the past several decades?

a)

young men now stay in school longer than their fathers and grandfathers did

b)

older men now retire earlier and live longer

c)

with more women employed, there are fewer jobs now available to men

d)

more fathers now stay at home to raise their children

10.

Consider two people who are currently out of work. Tim is not looking for work because there have been many job cuts where he lives and he doesn't think it likely that he will find work. Bev is not currently looking for work, but she would like a job and she has looked for work in the past. The Bureau of Labor Statistics considers

a)

both Tim and Bev to be marginally attached workers.

b)

neither Tim nor Bev to be marginally attached workers.

c)

only Tim to be a marginally attached worker.

d)

only Bev to be a marginally attached worker.

11.

A survey showed that in each of the past 12 months there was one person who was unemployed who worked in all other months. There were also two people who were unemployed for all 12 months. What percentage of the unemployment spells during the year was short-term, and what percentage of the unemployment in a given month was long-term?

a)

75 percent and 33.3 percent

b)

75 percent and 66.7 percent

c)

85.7 percent and 33.3 percent

d)

85.7 percent and 66.7 percent

12.

Unemployment insurance

a)

reduces the hardship of unemployment, but it also increases the amount of unemployment.

b)

reduces the incentive for the unemployed to find and take new jobs.

c)

causes workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of employment.

d)

All of the above are correct.

13.

The introduction of a union into an industry

a)

creates a surplus of labor and so raises unemployment.

b)

creates a surplus of labor and so reduces unemployment.

c)

creates a shortage of labor and so raises unemployment.

d)

creates a shortage of labor and so reduces unemployment.

14.

Unions contribute to

a)

frictional but not structural unemployment.

b)

structural but not frictional unemployment.

c)

both frictional and structural unemployment.

d)

neither frictional nor structural unemployment.

15.

Suppose that grocery clerks and nurses are not unionized. If the nurses unionize, then

a)

the wages of both grocery clerks and nurses will rise.

b)

the wages of both grocery clerks and nurses will fall.

c)

the wages of grocery clerks will rise and the wages of nurses will fall.

d)

the wages of nurses will rise and the wages of grocery clerks will fall.

16.

Sam has no job but keeps applying to get a job with a business that is unionized. He is qualified and he finds the pay attractive, but the firm is not hiring. Sam is

a)

structurally unemployed. Structural unemployment exists even in the long run.

b)

structurally unemployed. Structural unemployment does not exist in the long run.

c)

frictionally unemployed. Frictional unemployment exists even in the long run.

d)

frictionally unemployed. Frictional unemployment does not exist in the long run.

17.

Which of the following is not correct?

a)

When a union is present in a labor market, wages are determined by the equilibrium of supply and demand.

b)

Like any cartel, a union is a group of sellers acting together in the hope of exerting their joint market power.

c)

The process by which unions and firms agree on the terms of employment is called collective bargaining.

d)

Most workers in the U.S. economy are not members of a union.

18.

Efficiency wages

a)

increase frictional unemployment by keeping wages above equilibrium.

b)

decrease frictional unemployment by keeping wages at equilibrium.

c)

increase structural unemployment by keeping wages above equilibrium.

d)

decrease structural unemployment by keeping wages at equilibrium.

19.

Tara, the CEO of a corporation operating in a relatively poor country where wages are low, decides to raise the wages of her workers even though she faces an excess supply of labor. Her decision

a)

might increase profits if it means that the wage is high enough for her workers to eat a nutritious diet that makes them more productive.

b)

will help eliminate the excess supply of labor.

c)

may cause her workers to increase shirking.

d)

All of the above are correct.

20.

Juanita decides to hire some additional workers for her vinyl siding factory. The equilibrium wage is $14 per hour. Efficiency wage theory suggests that it is reasonable for Juanita to offer

a)

$14 per hour.

b)

less than $14 per hour, since some people would be willing to work for less.

c)

less than $14 an hour to prevent shirking.

d)

more than $14 per hour, so as to attract a better pool of applicants.