Question 1

the hiring of outside firms to perform non-core operations to lower operating costs

Accepted Answer

outsourcing

Answer

practice performing

Answer

insourcing

Answer

specializing

Question 2

the sum of all persons age sixteen and above who are either employed or actively seeking employment

Accepted Answer

civilian labor force

Answer

workforce summation

Answer

ready-and-able

Answer

employment ratio

Question 3

the number of unemployed individuals divided by the total number of persons in the civilian labor force

Accepted Answer

unemployment rate

Answer

deadbeat summary

Answer

employment rate

Answer

workforce

Question 4

difference between what the economy can and does produce

Accepted Answer

GDP gap

Answer

swager rate

Answer

output analysis

Answer

fairness factor

Question 5

the sum of the monthly inflation and unemployment rate

Accepted Answer

misery rate

Answer

economic output

Answer

GDP factor

Answer

errant summation

Question 6

Which of the following is NOT a form of unemployment?

Accepted Answer

underemployment

Answer

long-term employment

Answer

structural unemployment

Answer

frictional unemployment

Question 7

Which of the following is a characteristic of the long-term unemployed?

Accepted Answer

workers who have been without a job for 27 weeks or more

Answer

workers whose skills have become obsolete because of new technology or automated systems

Answer

workers who are out of a job because of seasonal changes in the weather

Answer

workers who are out of a job because of swings in the business cycle

Question 8

Which of the following is a factor in preventing economic growth?

Accepted Answer

recession

Answer

GDP

Answer

civilian labor force

Answer

frictional unemployment

Question 9

Which type of unemployment is natural in a free market economy, where workers have the freedom to change occupations?

Accepted Answer

frictional unemployment

Answer

structural unemployment

Answer

cyclical unemployment

Answer

technological unemployment

Question 10

Which group has the highest unemployment rate in the U.S.?

Accepted Answer

African Americans

Answer

Asians

Answer

Women

Answer

Causasians

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