5 Written Questions

1. a government program that partially protects workers' incomes when they become unemployed
2. the percentage of the labor force that is unemployed
3. above-equilibrium wages paid by firms to increase worker productivity
4. the total number of workers, including both the employed and the unemployed
5. unemployment that results because the number of jobs available in some labor markets is insufficient to provide a job for everyone who wants one

5 Multiple Choice Questions

1. the process by which unions and firms agree on the terms of employment
   1. Collective Bargaining
   2. Job Search
   3. Cyclical Unemployment
   4. Efficiency Wages
2. the percentage of the adult population that is in the labor force
   1. Labor Force
   2. Collective Bargaining
   3. Labor Force Participation Rate
   4. Unemployment Rate
3. individuals who would like to work but have given up looking for a job
   1. Efficiency Wages
   2. Strike
   3. Discouraged Workers
   4. Labor Force
4. the organized withdrawal of labor from a firm by a union
   1. Labor Force
   2. Union
   3. Strike
   4. Job Search
5. the deviation of unemployment from its natural state
   1. Frictional Unemployment
   2. Structural Unemployment
   3. Natural Rate of Unemployment
   4. Cyclical Unemployment

4 True/False Question

1. Union → a worker association that bargains with employers over wages, benefits, and working conditions
   

   True        False

2. Job Search → the process by which workers find appropriate jobs given their tastes and skills
   

   True        False

3. Frictional Unemployment → unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills
   

   True        False

4. Natural Rate of Unemployment → unemployment that results because the number of jobs available in some labor markets is insufficient to provide a job for everyone who wants one
   

   True        False