ECON 200 UOFA Final Exam Version 1
ECON 200 UOFA FINAL EXAM VERSION 1 NEWEST 2025
COMPLETE 100 QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
In June 2009 the Bureau of Labor Statistics reported a U.S. foreign-born population of 35.3
million. Of these, 22.7million were employed and 1.4 million were unemployed. Based on these
numbers what were the unemployment rate and the labor-force participation rate of the
foreign-born U.S. population?
a. 1.4/35.3 and 22.7/35.3
b. 1.4/35.3 and 24.1/35.3
c. 1.4/24.1 and 22.7/24.1
d. None of the above is correct. - ANSWER-D
The adult population in the town of Shelbyville is 150 thousand. If 100 thousand people are
employed and 20thousand are unemployed, then the labor force participation rate is
approximately
a. 67%.
b. 80%.
c. 16%.
d. 13%. - ANSWER-B
The Bureau of Labor Statistics classifies people who would like to work but have given up
looking for a job as
a. unemployed. If they were classified as out of the labor force, the reported unemployment
rate would belarger.
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, ECON 200 UOFA Final Exam Version 1
b. unemployed. If they were classified as out of the labor force, the reported unemployment
rate would besmaller.
c. out of the labor force. If they were classified as unemployed, the reported unemployment
rate would belarger.
d. out of the labor force. If they were classified as unemployed, the reported unemployment
rate would besmaller.8. - ANSWER-C
A survey showed that in each of the past 12 months there was one person who was
unemployed who worked in all other months. There were also two people who were
unemployed for all 12 months. What percentage of the unemployment spells during the year
was short term, and what percentage of the unemployment in a given month was long term?
a. 75% was short term; 33.3% was long term
b. 75% was short term; 66.7% was long term
c. 85.7% was short term; 33.3% was long term
d. 85.7% was short term; 66.7% was long term - ANSWER-D
Sectoral shifts in demand for output
a. create structural unemployment.
b. immediately reduce unemployment.
c. increase unemployment due to job search.
d. do not affect demand for labor. - ANSWER-C
From time to time, the demand for workers has risen in one region of the United States and
fallen in another. This illustrates
a. frictional unemployment created by efficiency wages.
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, ECON 200 UOFA Final Exam Version 1
b. structural unemployment created by efficiency wages.
c. frictional unemployment created by sectoral shifts.
d. structural unemployment created by sectoral shifts - ANSWER-C
Which of the following does not help reduce frictional unemployment?
a. government-run employment agencies
b. public training programs
c. unemployment insurance
d. All of the above help reduce frictional unemployment - ANSWER-C
Government-run employment agencies and public training programs are operated by the
government to try to facilitate job search and reduce unemployment.
a. Almost all economists agree that such programs are of no use.
b. Almost all economists agree that such programs work very well.
c. Some economists claim that the government can do these things no better than firms and
individuals could do them for themselves.
d. Some economists claim that these programs increase frictional unemployment. - ANSWER-C
Other things the same, an increase in wages above their equilibrium level
a. increases frictional unemployment but leaves the natural rate of unemployment unchanged.
b. increases frictional unemployment and increases the natural rate of unemployment.
c. increases structural unemployment but leaves the natural rate of unemployment unchanged.
d. increases structural unemployment and increases the natural rate of unemployment. -
ANSWER-D
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ECON 200 UOFA FINAL EXAM VERSION 1 NEWEST 2025
COMPLETE 100 QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
In June 2009 the Bureau of Labor Statistics reported a U.S. foreign-born population of 35.3
million. Of these, 22.7million were employed and 1.4 million were unemployed. Based on these
numbers what were the unemployment rate and the labor-force participation rate of the
foreign-born U.S. population?
a. 1.4/35.3 and 22.7/35.3
b. 1.4/35.3 and 24.1/35.3
c. 1.4/24.1 and 22.7/24.1
d. None of the above is correct. - ANSWER-D
The adult population in the town of Shelbyville is 150 thousand. If 100 thousand people are
employed and 20thousand are unemployed, then the labor force participation rate is
approximately
a. 67%.
b. 80%.
c. 16%.
d. 13%. - ANSWER-B
The Bureau of Labor Statistics classifies people who would like to work but have given up
looking for a job as
a. unemployed. If they were classified as out of the labor force, the reported unemployment
rate would belarger.
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, ECON 200 UOFA Final Exam Version 1
b. unemployed. If they were classified as out of the labor force, the reported unemployment
rate would besmaller.
c. out of the labor force. If they were classified as unemployed, the reported unemployment
rate would belarger.
d. out of the labor force. If they were classified as unemployed, the reported unemployment
rate would besmaller.8. - ANSWER-C
A survey showed that in each of the past 12 months there was one person who was
unemployed who worked in all other months. There were also two people who were
unemployed for all 12 months. What percentage of the unemployment spells during the year
was short term, and what percentage of the unemployment in a given month was long term?
a. 75% was short term; 33.3% was long term
b. 75% was short term; 66.7% was long term
c. 85.7% was short term; 33.3% was long term
d. 85.7% was short term; 66.7% was long term - ANSWER-D
Sectoral shifts in demand for output
a. create structural unemployment.
b. immediately reduce unemployment.
c. increase unemployment due to job search.
d. do not affect demand for labor. - ANSWER-C
From time to time, the demand for workers has risen in one region of the United States and
fallen in another. This illustrates
a. frictional unemployment created by efficiency wages.
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, ECON 200 UOFA Final Exam Version 1
b. structural unemployment created by efficiency wages.
c. frictional unemployment created by sectoral shifts.
d. structural unemployment created by sectoral shifts - ANSWER-C
Which of the following does not help reduce frictional unemployment?
a. government-run employment agencies
b. public training programs
c. unemployment insurance
d. All of the above help reduce frictional unemployment - ANSWER-C
Government-run employment agencies and public training programs are operated by the
government to try to facilitate job search and reduce unemployment.
a. Almost all economists agree that such programs are of no use.
b. Almost all economists agree that such programs work very well.
c. Some economists claim that the government can do these things no better than firms and
individuals could do them for themselves.
d. Some economists claim that these programs increase frictional unemployment. - ANSWER-C
Other things the same, an increase in wages above their equilibrium level
a. increases frictional unemployment but leaves the natural rate of unemployment unchanged.
b. increases frictional unemployment and increases the natural rate of unemployment.
c. increases structural unemployment but leaves the natural rate of unemployment unchanged.
d. increases structural unemployment and increases the natural rate of unemployment. -
ANSWER-D
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