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The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households,called the Current Population Survey.

A) True
B) False

Correct Answer

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U.S.Department of Labor data show that minimum-wage workers tend to be young,less educated,more likely to be working part time,and concentrated in the leisure and hospitality industry.

A) True
B) False

Correct Answer

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verified

Minimum-wage laws affect all workers.

A) True
B) False

Correct Answer

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verified

The unemployment rate reported by the Bureau of Labor Statistics clearly understates the true unemployment rate.

A) True
B) False

Correct Answer

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verified

The natural rate of unemployment is the desirable rate of unemployment for an economy.

A) True
B) False

Correct Answer

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verified

In the 1940s and 1950s,about one-third of U.S.workers belonged to unions,but today,only about one-fifth of U.S.workers belong to unions.

A) True
B) False

Correct Answer

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verified

Most job search in the U.S.economy takes place without intervention by the government.

A) True
B) False

Correct Answer

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verified

Public policy can reduce the economy's natural rate of unemployment.

A) True
B) False

Correct Answer

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verified

Structural unemployment is often thought to explain relatively long spells of unemployment.

A) True
B) False

Correct Answer

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verified

Structural unemployment is often thought to explain relatively short spells of unemployment.

A) True
B) False

Correct Answer

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verified

Job search is the process of matching workers with appropriate jobs.

A) True
B) False

Correct Answer

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Some degree of unemployment is inevitable in a complex economy.

A) True
B) False

Correct Answer

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verified

The Bureau of Labor Statistics divides the adult population into two categories: those who are employed and those who are unemployed.

A) True
B) False

Correct Answer

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verified

If the number of people unemployed rose but the number of people employed and the adult population stayed the same,then the labor force participation rate would rise.

A) True
B) False

Correct Answer

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verified

Causes of the decline in the U.S.men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did,older men now retiring earlier and living longer,and more fathers now staying at home to raise their children.

A) True
B) False

Correct Answer

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verified

Minimum wages are the predominant reason for unemployment in the U.S.economy.

A) True
B) False

Correct Answer

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verified

More than one-third of the unemployed are recent entrants into the labor force.

A) True
B) False

Correct Answer

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verified

Over the past several decades,the difference between the labor-force participation rates of men and women in the U.S.has gradually increased.

A) True
B) False

Correct Answer

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verified

Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks,improved birth control,and changing political and social attitudes.

A) True
B) False

Correct Answer

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verified

If all workers and all jobs were the same such that all workers were equally well suited for all jobs,then job search would not be a problem.

A) True
B) False

Correct Answer

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