Question : 91) As Canada continues to become more integrated with the : 1384498

 

91) As Canada continues to become more integrated with the global economy, and our labour market is increasingly affected by demand and supply conditions elsewhere in the world, we can expect that

A) all types of unemployment will certainly fall.

B) all types of unemployment will certainly rise.

C) government policies to ease the adjustment will have no effect.

D) the NAIRU will tend to increase.

E) the NAIRU in affected industries will tend to increase.

92) Which of the following statements best explains why unemployment rates in European countries have tended to be higher than unemployment rates in Canada or the United States? (Note: this statement refers not to the current recession in Europe but to a longer-term average.)

A) European countries have higher-paying jobs than Canada or the U.S., which causes an influx of workers into the labour force, which then increases the unemployment rate.

B) Workers in European countries have less skills and training than North American workers and therefore have higher rates of unemployment.

C) European countries have experienced more recessionary gaps than Canada or the U.S. and therefore have significantly higher cyclical unemployment.

D) Canada and the U.S. have greater labour-market flexibility than European countries.

E) The Canadian and the U.S. economies are more heavily unionized than European countries.

93) Unemployment rates in Canada and the United States have been lower than those in Europe for many years. A generally accepted explanation for this trend is that

A) unions are more powerful in North America than in Europe.

B) social programs are more generous in North America than in Europe.

C) employment insurance programs are more generous in North America than in Europe.

D) firms are more risk averse in North America than in Europe.

E) labour-market flexibility is greater in North America than in Europe.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

94) Refer to Table 31-2. What is the NAIRU in this economy?

A) 5.9%

B) 6.1%

C) 6.2%

D) 6.4%

E) 7.0%

95) Refer to Table 31-2. In which years is this economy operating at full employment?

A) 2004 only

B) 2005 only

C) 2006 only

D) 2004 and 2008

E) 2005 and 2011

96) Refer to Table 31-2. In which year is the cyclical unemployment equal to 0.3%?

A) 2007

B) 2008

C) 2009

D) 2010

E) 2011

97) Refer to Table 31-2. The variations in the unemployment rate between 2003 and 2011 are due to variations in

A) the NAIRU.

B) frictional unemployment.

C) structural unemployment.

D) potential output.

E) the output gap.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

98) Refer to Table 31-3. Suppose that for each year listed the unemployment rate among males is 5% while it is 7% among females. What is the economy’s NAIRU in 1960?

A) 5.0%

B) 5.5%

C) 5.6%

D) 5.7%

E) 5.8%

99) Refer to Table 31-3. Suppose that for each year listed the unemployment rate among males is 5% while it is 7% among females. What is the economy’s NAIRU in 1975?

A) 5.0%

B) 5.5%

C) 5.6%

D) 5.7%

E) 5.8%

100) Refer to Table 31-3. Suppose that for each year listed the unemployment rate among males is 5% while it is 7% among females. By how much does this economy’s NAIRU change between 1960 and 1975?

A) it decreases by 1 percentage point

B) it remains the same

C) it increases by 0.5 percentage point

D) it increases by 0.3 percentage point

E) it increases by 0.2 percentage point