Question 1

In Canada, what fraction of the unemployed are recent entrants into the labour force?

Accepted Answer

A) about 1/6 of those who are unemployed 
B) about 1/5 of those who are unemployed 
C) about 1/4 of those who are unemployed 
D) about 1/3 of those who are unemployed 
A) about 1/6 of those who are unemployed 
B) about 1/5 of those who are unemployed 
C) about 1/4 of those who are unemployed 
D) about 1/3 of those who are unemployed D

Question 2

Which of the following do the laws governing the activity of labour unions achieve?

Accepted Answer

A) They prevent unions from acting as cartels. 
B) They allow workers joining a unionized firm to choose not to join the union. 
C) They allow workers the right to representation and collective bargaining. 
D) They limit the number of unionized organizations. 
A) They prevent unions from acting as cartels. 
B) They allow workers joining a unionized firm to choose not to join the union. 
C) They allow workers the right to representation and collective bargaining. 
D) They limit the number of unionized organizations. C

Question 3

Why have labour-force participation rates for women in Canada increased since World War II while labour-force participation rates for men have decreased?

Accepted Answer

Labour-force participation rates for women have increased largely as a result of a change in the attitude of society toward women working outside the home and an increase in educational and vocational opportunities for women. Advances in birth control have made it possible for women to stay in the labour force longer. Labour-force participation rates for men have decreased because young men now stay in school longer than they used to, older men now retire earlier and live longer, and more fathers now stay at home to raise their children.

Question 4

Table 28-1. This table shows the 2007 data for males and females aged 15 and over in the country of Dan.
  
-Refer to Table 28-1. What is the adult unemployment rate in Dan?

Accepted Answer

A) 4.12 percent 
B) 6.25 percent 
C) 11.11 percent 
D) 12.50 percent 
A) 4.12 percent 
B) 6.25 percent 
C) 11.11 percent 
D) 12.50 percent

Question 5

According to Statistics Canada data, which of the following categories had the highest percentage of the labour force in 2009?

Accepted Answer

A) unemployed 1 to 4 weeks 
B) unemployed 5 to 13 weeks 
C) unemployed 14 to 25 weeks 
D) unemployed 26 to 52 weeks 
A) unemployed 1 to 4 weeks 
B) unemployed 5 to 13 weeks 
C) unemployed 14 to 25 weeks 
D) unemployed 26 to 52 weeks

Question 6

Frictional unemployment is different from unemployment arising from minimum-wage laws, unions, and efficiency wages because in the former, workers are searching for the jobs that best suit them, while in the latter, workers are waiting for jobs to open up.

Accepted Answer

A) True 
 B)False

Question 7

Which one of the following people would be counted as unemployed according to official statistics?

Accepted Answer

A) Brian, a full-time student who is not looking for work 
B) Kate, who is on temporary layoff 
C) Heath, who has retired and is not looking for work 
D) James, who has just graduated from university is taking a well-deserved long vacation 
A) Brian, a full-time student who is not looking for work 
B) Kate, who is on temporary layoff 
C) Heath, who has retired and is not looking for work 
D) James, who has just graduated from university is taking a well-deserved long vacation

Question 8

Which of the following correctly ranks categories from smallest to largest according to recent Canadian statistics?

Accepted Answer

A) unemployed, employed, not in labour force 
B) unemployed, not in labour force, employed 
C) not in labour force, employed, unemployed 
D) not in labour force, unemployed, employed 
A) unemployed, employed, not in labour force 
B) unemployed, not in labour force, employed 
C) not in labour force, employed, unemployed 
D) not in labour force, unemployed, employed

Question 9

Which of the following data does Statistics Canada NOT produce?

Accepted Answer

A) monthly data on unemployment 
B) data on types of employment 
C) data on length of the average workweek 
D) daily data on unemployment 
A) monthly data on unemployment 
B) data on types of employment 
C) data on length of the average workweek 
D) daily data on unemployment

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Frictional unemployment exists because of the time it takes for workers to search for the jobs that best suit their tastes and skills.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following best explains how unemployment relates to business cycles?

Accepted Answer

A) Unemployment can be completely eliminated through economic policies when the economy grows at normal rates. 
B) Unemployment only exists during periods of economic slowdown. 
C) Cyclical unemployment is inversely related to short-run economic fluctuations. 
D) Unemployment is unrelated to short-run economic fluctuations. 
A) Unemployment can be completely eliminated through economic policies when the economy grows at normal rates. 
B) Unemployment only exists during periods of economic slowdown. 
C) Cyclical unemployment is inversely related to short-run economic fluctuations. 
D) Unemployment is unrelated to short-run economic fluctuations.

Question 13

Suppose that in 2007, the demand for construction workers increased and the demands for textile and steel workers diminished. Which of the following types of unemployment does this situation illustrate?

Accepted Answer

A) frictional unemployment created by a sectoral shift 
B) structural unemployment created by a sectoral shift 
C) frictional unemployment created by efficiency wages 
D) structural unemployment created by efficiency wages 
A) frictional unemployment created by a sectoral shift 
B) structural unemployment created by a sectoral shift 
C) frictional unemployment created by efficiency wages 
D) structural unemployment created by efficiency wages

Question 14

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.

Accepted Answer

A) True 
 B)False

Question 15

Figure 28-1  
-Refer to Figure 28-1. Which of the following describes the equilibrium point in the diagram in the absence of the minimum-wage law?

Accepted Answer

A) $6 and 20 workers 
B) $5 and 30 workers 
C) $4 and 40 workers 
D) $6 and 40 workers 
A) $6 and 20 workers 
B) $5 and 30 workers 
C) $4 and 40 workers 
D) $6 and 40 workers

Question 16

Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. If these persons were counted as employed, how would the labour statistics change?

Accepted Answer

A) The unemployment rate and the labour-force participation rate would be higher. 
B) The unemployment rate and the labour-force participation rate would be lower. 
C) The unemployment rate would be higher and the labour-force participation rate would be lower. 
D) The unemployment rate would be lower and the labour-force participation rate would be unaffected. 
A) The unemployment rate and the labour-force participation rate would be higher. 
B) The unemployment rate and the labour-force participation rate would be lower. 
C) The unemployment rate would be higher and the labour-force participation rate would be lower. 
D) The unemployment rate would be lower and the labour-force participation rate would be unaffected.

Question 17

In Canada, approximately what percentage of the existing number of unemployed workers can be explained by the mismatch between available jobs and people seeking employment?

Accepted Answer

A) 8 percent 
B) 12.5 percent 
C) 50 percent 
D) 87.5 percent 
A) 8 percent 
B) 12.5 percent 
C) 50 percent 
D) 87.5 percent

Question 18

Matt loses his job and decides to sit around at home for a few months. Assuming that other things remain the same, what happens to the unemployment rate?

Accepted Answer

A) The unemployment rate decreases. 
B) The unemployment rate increases. 
C) The unemployment rate is unaffected. 
D) There is insufficient information. 
A) The unemployment rate decreases. 
B) The unemployment rate increases. 
C) The unemployment rate is unaffected. 
D) There is insufficient information.

Question 19

Typically how much more do union members earn than similar workers who do not belong to a union?

Accepted Answer

A) 0 to 5 percent 
B) 5 to 10 percent 
C) 10 to 20 percent 
D) 20 to 30 percent 
A) 0 to 5 percent 
B) 5 to 10 percent 
C) 10 to 20 percent 
D) 20 to 30 percent

Question 20

How is unemployment data collected?

Accepted Answer

A) from unemployment insurance claims 
B) through a regular survey of about 50 000 households 
C) through a regular survey of about 200 000 firms 
D) using Canada Revenue Agency tax files 
A) from unemployment insurance claims 
B) through a regular survey of about 50 000 households 
C) through a regular survey of about 200 000 firms 
D) using Canada Revenue Agency tax files

In Canada, what fraction of the unemployed are recent entrants into the labour force?

Which of the following do the laws governing the activity of labour unions achieve?

Why have labour-force participation rates for women in Canada increased since World War II while labour-force participation rates for men have decreased?

Table 28-1. This table shows the 2007 data for males and females aged 15 and over in the country of Dan. -Refer to Table 28-1. What is the adult unemployment rate in Dan?

According to Statistics Canada data, which of the following categories had the highest percentage of the labour force in 2009?

Frictional unemployment is different from unemployment arising from minimum-wage laws, unions, and efficiency wages because in the former, workers are searching for the jobs that best suit them, while in the latter, workers are waiting for jobs to open up.

Which one of the following people would be counted as unemployed according to official statistics?

Which of the following correctly ranks categories from smallest to largest according to recent Canadian statistics?

Which of the following data does Statistics Canada NOT produce?

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

Frictional unemployment exists because of the time it takes for workers to search for the jobs that best suit their tastes and skills.

Which of the following best explains how unemployment relates to business cycles?

Suppose that in 2007, the demand for construction workers increased and the demands for textile and steel workers diminished. Which of the following types of unemployment does this situation illustrate?

Figure 28-1 -Refer to Figure 28-1. Which of the following describes the equilibrium point in the diagram in the absence of the minimum-wage law?

Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. If these persons were counted as employed, how would the labour statistics change?

In Canada, approximately what percentage of the existing number of unemployed workers can be explained by the mismatch between available jobs and people seeking employment?

Matt loses his job and decides to sit around at home for a few months. Assuming that other things remain the same, what happens to the unemployment rate?

Typically how much more do union members earn than similar workers who do not belong to a union?

How is unemployment data collected?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Five Debates Over Macroeconomic Policy

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Exam 9: Unemployment and Its Natural Rate

In Canada, what fraction of the unemployed are recent entrants into the labour force?

Which of the following do the laws governing the activity of labour unions achieve?

Why have labour-force participation rates for women in Canada increased since World War II while labour-force participation rates for men have decreased?

Table 28-1. This table shows the 2007 data for males and females aged 15 and over in the country of Dan. -Refer to Table 28-1. What is the adult unemployment rate in Dan?

According to Statistics Canada data, which of the following categories had the highest percentage of the labour force in 2009?

Frictional unemployment is different from unemployment arising from minimum-wage laws, unions, and efficiency wages because in the former, workers are searching for the jobs that best suit them, while in the latter, workers are waiting for jobs to open up.

Which one of the following people would be counted as unemployed according to official statistics?

Which of the following correctly ranks categories from smallest to largest according to recent Canadian statistics?

Which of the following data does Statistics Canada NOT produce?

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

Frictional unemployment exists because of the time it takes for workers to search for the jobs that best suit their tastes and skills.

Which of the following best explains how unemployment relates to business cycles?

Suppose that in 2007, the demand for construction workers increased and the demands for textile and steel workers diminished. Which of the following types of unemployment does this situation illustrate?

Figure 28-1 -Refer to Figure 28-1. Which of the following describes the equilibrium point in the diagram in the absence of the minimum-wage law?

Suppose that some people report themselves as unemployed when, in fact, they are working in the underground economy. If these persons were counted as employed, how would the labour statistics change?

In Canada, approximately what percentage of the existing number of unemployed workers can be explained by the mismatch between available jobs and people seeking employment?

Matt loses his job and decides to sit around at home for a few months. Assuming that other things remain the same, what happens to the unemployment rate?

Typically how much more do union members earn than similar workers who do not belong to a union?

How is unemployment data collected?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Five Debates Over Macroeconomic Policy

Filters