Question

1.

To determine the unemployment rate, each month the government

		collects data from a survey of about 60,000 households nationwide.
		collects data from a survey of about 500,000 firms nationwide.
		conducts a full count of the number of unemployed in each state.
		records the number of people receiving unemployment compensation.

2.

Which of the following best describes the interest rate effect? As the price level rises,

		less money is demanded, so consumption spending must fall to maintain equality of investment and saving.
		the value of assets rises, increasing bank profits and total lending.
		the Fed raises interest rates and investment spending rises.
		more money is demanded, interest rates rise, and investment spending falls.

3.

Which one of the following is an example of  premarket discrimination

		human capital discrimination.
		employment discrimination.
		wage discrimination.
		occupational discrimination.

4.

Which one of the following is an example of  premarket discrimination

human capital discrimination.

employment discrimination.

wage discrimination.

occupational discrimination.

5.

Which of the following is  not a benefit to employers of an internal labor market?

a greater return from investments in specific training

greater employee identification with the firm's objectives

a solution to a principal-agent problem

a greater return from investment in general training

6.

Data on unemployment rates consistently show that the unemployment rate of

African American females exceeds that of African American males, but that of white males exceeds that of white females.

African Americans of both sexes exceeds that of whites of both sexes.

females of all races exceeds that of males of all races.

white females exceeds that of white males, but that of African American males exceeds that of African American females.

7.

Which of the following is a form of frictional unemployment?

cyclical unemployment

structural unemployment

wait unemployment

displaced workers

8.

The  major cost of continuing a job search is

transportation expenses of going to job interviews.

expenses paid to a job-placement agency.

the cost of placing job-wanted advertisements in the newspaper.

forgone wages of job offers not accepted.

9.

If an African American woman is paid a lower wage than a similarly qualified and experienced white man performing the same job at the same firm, then this is an example of

employment discrimination.

wage discrimination.

occupational discrimination.

human capital discrimination.

10.

The ratio of female to male hourly wages

dropped steadily from 1979 to the present.

rose substantially from 1979 to the mid-1990s but has increased only slightly since then.

rose steadily from 1979 to 1986 but has remained relatively constant since then.

has risen steadily from 1979 to the present.

11.

Compared to the 1960s, the natural rate of unemployment in the 1970s and 1980s was

higher, because of changes in the composition of the labor force.

lower, because of changes in the composition of the labor force.

lower, because of the success of public policies to reduce it.

higher, because of the failure of public policies to reduce it.

12.

Which of the following exemplifies occupational discrimination?

The unemployment rate for female secretaries is typically 2% higher than that for male secretaries.

97% of all secretaries are women.

Female secretaries make, on average, 40% of their boss's pay, while male secretaries average 50% of their boss's pay.

Female secretaries average 12 years of education and obtain little on-the-job training; male secretaries average 12.5 years of education and usually qualify for advanced training programs.

13.

If jobless persons who had given up searching suddenly resumed active searches for paying jobs - but had not yet found any-the unemployment rate would

		stay the same.
		fall.
		rise.
		More information is needed.

Answer 1

1. A

the government collects data from a survey of about 60,000 households worldwide. This is the sample size of the survey.

2. D

more money is demanded and to keep hold so the investment and consumption rate falls.

3. A

the rest of the options such as employment,wage and occupational discrimination comes under market discrimination.

4. A

human capital discrimination is an example of pre market discrimination ,i.e, discrimination before the worker enters into the market.