Chapter 28 Unemployment Sec00 Unemployment MULTIPLE CHOICE 1 To maintain their standard of living, most people rely on a government assistance b their personal savings c their labor earnings d rental[.]
Trang 1Chapter 28
Unemployment
Sec00 - Unemployment
MULTIPLE CHOICE
1 To maintain their standard of living, most people rely on
a government assistance
b their personal savings
c their labor earnings
d rental income
4 The amount of unemployment that an economy normally experiences is called the
a average rate of unemployment
b natural rate of unemployment
c cyclical rate of unemployment
d typical rate of unemployment
10 Cyclical unemployment is closely associated with
a long-term economic growth
b short-run ups and downs of the economy
c fluctuations in the natural rate of unemployment
d changes in the minimum wage
Sec01 - Unemployment - Identifying Unemployment
MULTIPLE CHOICE
35 The sum of which of the following must be equal to the adult population?
a employed, unemployed
b employed, unemployed, labor force
c employed, unemployed, not in the labor force
d employed, unemployed, labor force, not in the labor force
41 The labor-force participation rate measures the percentage of the
a total adult population that is in the labor force
b total adult population that is employed
c labor force that is employed
d labor force that is either employed or unemployed
80 Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75% What is the unemployment rate?
a 6.25%
b 8.3%
c 9.1%
d 18.75%
Sec02 - Unemployment - Job Search
MULTIPLE CHOICE
1 Job search
a is one reason economies always experience some unemployment
b is the process of matching workers with appropriate jobs
c would not be a problem if all workers and all jobs were the same
d All of the above are correct
Sec03 - Unemployment - Minimum-Wage Laws
MULTIPLE CHOICE
Trang 22 When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it
a raises the quantity of labor supplied and raises the quantity of labor demanded compared to the
equilibrium level
b raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level
c reduces the quantity of labor supplied and raises the quantity of labor demanded compared to the equilibrium level
d reduces the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level
Sec04 - Unemployment - Unions and Collective Bargaining
MULTIPLE CHOICE
8 When a union raises the wage above the equilibrium level, it
a reduces both the quantity of labor supplied and the quantity of labor demanded, resulting in
unemployment
b reduces the quantity of labor supplied and raises the quantity of labor demanded, resulting in
unemployment
c raises the quantity of labor supplied and reduces the quantity of labor demanded, resulting in
unemployment
d raises both the quantity of labor supplied and the quantity of labor demanded, resulting in
unemployment
Sec05 - Unemployment - The Theory of Efficiency Wages
MULTIPLE CHOICE
3 Which of the following causes of unemployment is associated with a wage rate above the market equilibrium level?
a minimum-wage laws
b unions
c efficiency wages
d All of the above are correct
4 Which of the following causes of unemployment is not associated with a wage rate above the market
equilibrium level?
a efficiency wages
b job search
c minimum-wage laws
d unions