Test Bank for Modern Labor Economics Theory and Public Policy 12th Edition Ehrenberg Smith
Modern Labor Economics, 12e (Ehrenberg/Smith)
Chapter 2 Overview of the Labor Market
1) The labor market does NOT
A) allocate workers to jobs.
B) coordinate employment decisions.
C) respond to price signals.
D) ensure that all workers are hired.
Answer: D
Question Status: Old
2) The labor market for mechanical engineers is
A) an internal labor market.
B) a national labor market.
C) a local labor market.
D) a monopoly labor market.
Answer: B
Question Status: New
3) The labor force is made up of
A) all members of society.
B) all members of society who are at least 16 years of age.
C) all members of society who are at least 16 years old and are either employed or unemployed.
D) employed workers, unemployed workers, and retired workers.
Answer: C
Question Status: Old
Table 2.1
4) Given the data in Table 2.1, the labor force participation rate is
A) 54%.
B) 65%.
C) 70%.
D) 80%.
Answer: C
Question Status: Old
5) Given the data in Table 2.1, the unemployment rate is
A) 3.8%.
B) 5.0%.
C) 7.1%.
D) 7.8%.
Answer: C
Question Status: Old
6) During the twentieth century, the unemployment rate in the United States
A) remained roughly constant.
B) was consistently higher than in other industrialized countries.
C) generally decreased.
D) became more stable.
Answer: D
Question Status: Old
Table 2.2 Workers in the Widget Industry
7) According to Table 2.2, real earnings in the Widget Industry in 1986 were
A) $22,500.
B) $12,640.
C) $11,538.
D) $15,730.
Answer: B
Question Status: Old
8) According to Table 2.2, in which year were the real earnings of workers in the Widget Industry highest?
A) 1966
B) 1976
C) 1986
D) 1996
Answer: B
Question Status: Old
9) A worker's total compensation consists of
A) wages.
B) earnings.
C) earnings plus in-kind benefits.
D) earnings plus in-kind benefits plus deferred benefits.
Answer: D
Question Status: New
10) A worker's income is equal to his
A) earnings.
B) wage rate multiplied by hours worked.
C) wages plus
Chapter 2 Overview of the Labor Market
1) The labor market does NOT
A) allocate workers to jobs.
B) coordinate employment decisions.
C) respond to price signals.
D) ensure that all workers are hired.
Answer: D
Question Status: Old
2) The labor market for mechanical engineers is
A) an internal labor market.
B) a national labor market.
C) a local labor market.
D) a monopoly labor market.
Answer: B
Question Status: New
3) The labor force is made up of
A) all members of society.
B) all members of society who are at least 16 years of age.
C) all members of society who are at least 16 years old and are either employed or unemployed.
D) employed workers, unemployed workers, and retired workers.
Answer: C
Question Status: Old
Table 2.1
4) Given the data in Table 2.1, the labor force participation rate is
A) 54%.
B) 65%.
C) 70%.
D) 80%.
Answer: C
Question Status: Old
5) Given the data in Table 2.1, the unemployment rate is
A) 3.8%.
B) 5.0%.
C) 7.1%.
D) 7.8%.
Answer: C
Question Status: Old
6) During the twentieth century, the unemployment rate in the United States
A) remained roughly constant.
B) was consistently higher than in other industrialized countries.
C) generally decreased.
D) became more stable.
Answer: D
Question Status: Old
Table 2.2 Workers in the Widget Industry
7) According to Table 2.2, real earnings in the Widget Industry in 1986 were
A) $22,500.
B) $12,640.
C) $11,538.
D) $15,730.
Answer: B
Question Status: Old
8) According to Table 2.2, in which year were the real earnings of workers in the Widget Industry highest?
A) 1966
B) 1976
C) 1986
D) 1996
Answer: B
Question Status: Old
9) A worker's total compensation consists of
A) wages.
B) earnings.
C) earnings plus in-kind benefits.
D) earnings plus in-kind benefits plus deferred benefits.
Answer: D
Question Status: New
10) A worker's income is equal to his
A) earnings.
B) wage rate multiplied by hours worked.
C) wages plus