Question :
31.Jobsearch
a.andfirmspayingwagesaboveequilibriumtoimproveworkerhealthbothcreatefrictionalunemployment.
b.createsfrictionalunemployment,whilefirmspayingwagesaboveequilibriumtoimproveworke : 1261993
31.Jobsearch
a.andfirmspayingwagesaboveequilibriumtoimproveworkerhealthbothcreatefrictionalunemployment.
b.createsfrictionalunemployment,whilefirmspayingwagesaboveequilibriumtoimproveworkerhealthcreatesstructuralunemployment.
c.createsstructuralunemployment,whilefirmspayingwagesaboveequilibriumtoimproveworkerhealthcreatesfrictionalunemployment.
d.andfirmspayingwagesaboveequilibriumtoimproveworkerhealthbothcreatestructuralunemployment.
32.Whichofthefollowingisnotareasoneconomiesexperiencestructuralunemployment?
a.jobsearch
b.unions
c.minimum-wagelaws
d.efficiencywages
33.Whichofthefollowingcausesofunemploymentisnotassociatedwithawagerateabovethemarketequilibriumlevel?
a.efficiencywages
b.jobsearch
c.minimum-wagelaws
d.unions
34.Iftherewerenofactorskeepingwagesfromreachingequilibriumthentherewouldbeno
a.cyclicalunemployment.
b.frictionalunemployment.
c.structuralunemployment.
d.naturalrateofunemployment.
35.Minimum-wagelaws
a.createfrictionalunemployment,whilefirmspayingwagesaboveequilibriumtoreduceworkerturnovercreatesstructuralunemployment.
b.createstructuralunemployment,whilefirmspayingwagesaboveequilibriumtoreduceworkerturnovercreatesfrictionalunemployment.
c.andfirmspayingwagesaboveequilibriumtoreduceworkerturnoverbothcreatestructuralunemployment.
d.andfirmspayingwagesaboveequilibriumtoreduceworkerturnoverbothcreatefrictionalunemployment.
36.Whichofthefollowingcausesofunemploymentisassociatedwithawagerateabovethemarketequilibriumlevel?
a.minimum-wagelaws
b.unions
c.efficiencywages
d.Alloftheabovearecorrect.
37.Minimum-wagelaws,unions,andefficiencywagescontributeto
a.bothstructuralunemploymentandthenaturalrateofunemployment.
b.neitherstructuralunemploymentnorthenaturalrateofunemployment.
c.structuralunemployment,butnotthenaturalrateofunemployment.
d.thenaturalrateofunemployment,butnotstructuralunemployment.
38.Efficiencywages,minimum-wagelaws,andunionsallkeepwages
a.belowtheequilibriumlevel,causingashortageoflabor.
b.belowtheequilibriumlevel,causingasurplusoflabor.
c.abovetheequilibriumlevel,causingashortageoflabor.
d.abovetheequilibriumlevel,causingasurplusoflabor.
39.Minimum-wagelawsandunionsaresimilartoeachotherbutdifferentfromefficiencywagesinthatminimum-wagelawandunions
a.causeunemployment,butefficiencywagesdonot.
b.causethequantityoflaborsuppliedtoexceedthequantityoflabordemanded,butefficiencywagesdonot.
c.causewagestobeabovetheequilibriumlevel.
d.preventfirmsfromloweringwagesinthepresenceofasurplusofworkers.
40.Unions
a.andfirmspayingwagesaboveequilibriumtoimproveworkereffortbothcreatefrictionalunemployment.
b.createsfrictionalunemployment,whilefirmspayingwagesaboveequilibriumtoimproveworkereffortcreatesstructuralunemployment.
c.createsstructuralunemployment,whilefirmspayingwagesaboveequilibriumtoimproveworkereffortcreatesfrictionalunemployment.
d.andfirmspayingwagesaboveequilibriumtoimproveworkereffortbothcreatestructuralunemployment.
41.Whichfamouscompanyexecutiveintroducedaninnovativepaysystemthatisconsistentwiththetheoryofefficiencywages?
a.LeeIococca
b.SteveJobs
c.MarkZuckerberg
d.HenryFord
42.Intheearly1900s,HenryFordintroduceda
a.high-wagepolicy,andthispolicyproducedmanyoftheeffectspredictedbyefficiency-wagetheory.
b.high-wagepolicy,andthispolicyproducednoneoftheeffectspredictedbyefficiency-wagetheory.
c.low-wagepolicy,andthispolicyproducedmanyoftheeffectspredictedbyefficiency-wagetheory.
d.low-wagepolicy,andthispolicyproducednoneoftheeffectspredictedbyefficiency-wagetheory.