Exam 9: Unemployment and Its Natural Rate

In 2014 in the United Kingdom, the adult population was about 65 million, the labour force participation rate was 62percent, and the unemployment rate was 5.7 percent. What was the number of people unemployed?

Right-to-work laws allow striking union members to be permanently replaced.

In 1914, Henry Ford began paying his workers $5 per day, about twice the going wage. As a result, turnover and absenteeism fell, and productivity and profits rose.

Which province has the highest percentage of unionized workers?

Table 9-1 This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. -Refer to the Table 9-1. What is the adult unemployment rate in Bolivar?

What was the labour-force participation rate of men just after World War II?

What is most likely to cause frictional unemployment?

In which situation would Statistics Canada count a person as unemployed?

Consider an economy where population increases, which in turn causes both the demand for goods and services and the supply of labour to increase. a. In a labour supply and demand diagram, analyze the effects of the increase in population on the equilibrium wage and employment. b. What happens to wage and unemployment if a minimum-wage law exists?

What determines the period for which an unemployed person can collect EI benefits?

According to Statistics Canada data, which category had the highest percentage of the labour force in 2014?

Which of the following best defines gross job creation?

How is a college student who is not working or looking for a job counted?

When unions raise wages in some sectors of the economy, what happens to the supply of labour in other sectors of the economy?

In 2009, Canada was in a serious recession. By 2013, Canada was experiencing a strong economic recovery. How did employment growth and gross job creation compare between 2009 and 2013?

In Canada in recent years, how does the unemployment rate among those aged 15 to 24 compare with that of older adults?

Tara has just finished school, but she is going to roam around the country awhile before she starts looking for work. Which statement best characterizes the changes that occur in labour statistics?

Employment insurance reduces hardships of unemployment but also increases the amount of structural unemployment.

Regarding the categories of unemployment, which statement best describes how the effect of sectoral changes compares to the effect of firms paying higher-than-equilibrium wages?

Cynthia is collecting unemployment insurance benefits. To continue to receive her benefits, she must be looking for work; however, she only applies at places where she is unlikely to be hired because she doesn't really want to work. People like Cynthia make the reported unemployment rate less than the true rate of unemployment.