Exam 9: Unemployment and Its Natural Rate

Nancy is searching for a job that suits her tastes about where to live and the people she works with.Laura is looking for a job that makes best use of her skills.Which statement best describes the nature of Nancy and Laura's unemployment?

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?

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 female labour force in Bolivar?

The government operates programs for job training and job information intended to reduce unemployment.Which statement best describes how economists feel about such programs?

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?

Since World War II,what has happened to the labour-force participation rate?

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

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

Rick loses his job and immediately begins looking for another.Other things equal,what happens to the unemployment rate?

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

The following people are currently out of work: Deb,who is actively looking for a job; Ted,who is not looking for a job because he doesn't think he could find one; Alex who is working part-time but is looking for full-time work; and Cam,who is not looking for a job because he takes care of his twin sons.Who does Statistics Canada consider to be unemployed?

What is a rough estimate of the natural rate of unemployment in Canada?

Consider two people who are currently out of work.Bernie 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.While she hasn't looked for work for some time,she has looked for work in the past.How does Statistics Canada consider Bernie and Bev?

How is the labour-force participation rate defined?

A foreign governmental statistics agency recently reported that there were 47.6 million people over age 25 who had at least a bachelor's degree.Of this number,38.0 million were in the labour force and 35.9 million were employed.What was the unemployment rate in this group?

Suppose that some people are counted as unemployed when,to maintain unemployment compensation,they search for work only at places where they are unlikely to be hired.If these individuals were counted as out of the labour force instead of as unemployed,how would the labour statistics change?

Firms might offer efficiency wages in order to attract a better pool of applicants.

Which of the following lists includes all the categories into which Statistics Canada divides the adult population?

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 male unemployment rate in Bolivar?

A government agency provides labour data as presented in the table below.Based on this data,answer the following questions.in thousands a.What is the labour force? b.What is the participation rate? c.What is the unemployment rate? d.What is the employment rate?