問題一覧
1
According to the Classical labor market model, a minimum wage above the equilibrium wage will result in
an increase in unemployment
2
What is the traditional definition of a recession according to the National Bureau of Economic Research?
GDP falls for two consecutive quarters
3
The efficiency wage theory states that
employers can motivate employees by paying them more than the prevailing wage.
4
Structural unemployment is unemployment that arises
because people s skills, experience, education or location do not match employers need.
5
Someone experiencing frictional unemployment is someone who
is temporarily between jobs.
6
Which one of the following people would be classified as being in the labor force by the U.S. Bureau of Labor Statistics?
A 70-year old who is looking for part-time employment
7
The idea that employers pay employees a higher wage than is necessary to provide them with an incentive to work hard is known as
efficiency wages.
8
Which one of the following is NOT a conclusion from the classical theory of employment?
A minimum wage above the equilibrium wage results in unemployment.
9
According to the definition of the Bureau of Labor Statistics, which one of the following statements is FALSE?
Personnel on active duty in the military are employed
10
If the Bureau of Labor Statistics included incarcerated individuals in the labor force, then
the unemployment rate would be higher than it is.
11
Which of the following statements is FALSE?
Both a. and b.
12
Since 1950 in the United States, the labor force participation rate for males has _____ and the labor force participation rate for females has ____.
decreased; increased
13
Which of the following statements is FALSE?
The lower level of regulations in the gig economy makes gig workers more efficient.
14
Which of the following is NOT an example of some of the government policies that, intentionally or unintentionally, have led to higher inequality?
Rapid technological change
15
Which one of the following statements is FALSE?
In the United States wealth is distributed more equally than income.
16
In the United States, the Gini coefficient for income is about _____, and the Gini coefficient for wealth is about ______.
0.5; 0.8
17
Which of the following statements is TRUE?
Occupational segregation is a key factor in explaining the gender wage gap in U.S.
18
Income from rents, profits, and interest is known as …
capital income.
19
Occupational segregation refers to ….
tendency of men and women to be employed in different occupations.
20
According to the text, which of the following policies would help reduce economic inequality?
Instituting a guaranteed basic income policy
21
Which of the following statements about the change in total tax rate since the 1960s for different income groups is accurate?
The largest increase in the total tax rate has been experienced by the bottom 50%.
22
Which one of the following statements is true?
Inequality can be low in both high-income and low-income countries.
23
Assume income is distributed more equally in Country A than in Country B. In that case we would expect the Lorenz curve for Country A to be…
closer to the 45-degree line than Country B’s Lorenz curve.
24
All of the following have contributed to the rise in wage inequality in the U.S. in recent decades, except:
high inflation
25
An individual “realizes” capital gains on an asset when…
he sells the asset for more than it originally cost.