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Unemployment

Quiz by Jacquelynn Davis

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11 questions
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  • Q1
    Which option below is not one of the three economic goals that is monitored regularly?
    Circular flow
    Low unemployment
    Stable prices
    High sustained growth
    30s
  • Q2
    Do child labor laws in the United States prevent children under the age of 16 from participating in the labor force?
    Yes
    No
    30s
  • Q3
    Which of the following would be excluded from the labor force?
    16 year old looking for their first job
    Someone who is retired
    Someone who was just fired from their job and looking for another job
    Recent college graduate looking for work
    30s
  • Q4
    Is someone looking for work counted as part of the unemployed population?
    Yes
    No
    30s
  • Q5
    What groups are included in calculating the total number in the labor force?
    People who are unemployed
    None of these are included
    People who are employed
    Both people who are employed and unemployed
    30s
  • Q6
    In frictional unemployment, the individuals who change jobs are characterized as:
    Not qualified but with transferable skills
    Qualified with transferable skills
    Qualified but without transferable skills
    30s
  • Q7
    The passage of NAFTA is a good example of structural unemployment because:
    More jobs were created that required the same skills.
    No new jobs were created.
    The new jobs that were created required different skills.
    It had no impact on employment.
    30s
  • Q8
    Which of the following statements is true?
    Seasonal unemployment is predictable but cyclical is not.
    Neither type of unemployment is predictable.
    Both seasonal and cyclical unemployment are predictable.
    Cyclical unemployment is predictable but seasonal is not.
    30s
  • Q9
    The types of unemployment are:
    Frictional, structural, causal & seasonal
    Frictional, structural & seasonal
    Structural, seasonal & causal
    Frictional, structural, seasonal and cyclical
    30s
  • Q10
    Is 0% unemployment an economic goal?
    Yes, it is best to eliminate all unemployment.
    Yes, this would promote job mobility and technological improvements.
    No, it limits job mobility and technological improvements.
    30s
  • Q11
    Is frictional unemployment usually shorter in duration than structural unemployment?
    No
    Yes
    30s

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