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Q 1/49
Score 0
Which of the following individuals will not be a part of the U.S. labor force?
30
An unemployed computer worker who has given up looking for a job
A person who is not working because of a labor dispute
A college graduate seeking a job after graduation
A person who can work only part-time
Q 2/49
Score 0
When an economy is in a recession, the actual unemployment rate is
30
Equal to zero
Equal to the natural rate
Greater than the natural rate
Less than the natural rate
49 questions
Q.
Which of the following individuals will not be a part of the U.S. labor force?
1
30 sec
Q.
When an economy is in a recession, the actual unemployment rate is
2
30 sec
Q.
A worker who recently moved to a new city and is looking for work would be categorized as _______ unemployment.
3
30 sec
Q.
Some people are counted as out of the labor force because they are not actively looking for work. However, some of these people may want to work even though they are too discouraged to make serious effort to look for work. If these persons were counted as unemployed instead of out of the labor force,
4
30 sec
Q.
Which employment sector does this belong to? Corn farmer
5
30 sec
Q.
Which sector does this employee belong to? Miner
6
30 sec
Q.
Which of the following types of unemployment is not seen as part of the natural rate of unemployment?
7
30 sec
Q.
A recent graduate from law school is not accepting offers from various law firms because she wants to work for the right company. This is an example of which of the following?
8
30 sec
Q.
Which of the following would be an example of structural unemployment?
9
30 sec
Q.
A country's population is 2000 people, and there are 950 people employed and 50 people unemployed. What is the unemployment rate?
10
30 sec
Q.
In country Z, the population is 100,000. The number of employed is 70,000, while the number of unemployed is 10,000. What is the unemployment rate?
11
30 sec
Q.
In Chicago the population is 8,206. The number of employed is 5,025 while the number of unemployed is 2,050. What is the unemployment rate?
12
30 sec
Q.
If the eligible population is 300 million, the labor force participation rate is 50%, and the total number of unemployed is 50 million, then how many people are employed?
13
30 sec
Q.
Which of the following workers would be considered frictionally unemployed?
14
30 sec
Q.
If an actor or actress is replaced by a robot, under which type of unemployment would they fall?
15
30 sec
Q.
Which of the following situations best describes frictional unemployment?
16
30 sec
Q.
What type of unemployment occurs when a worker loses his/her job because robots or other machines have rendered his/her skills obsolete?
17
30 sec
Q.
If the population is 300 million, the labor force participation rate is 50%, and the total number of unemployed is 50 million, then how many people are employed?
18
30 sec
Q.
Justin was fired from his job at the zoo after giving one of the monkeys to a German visitor. Justin is looking for another job now. Justin is…
19
30 sec
Q.
If RGDP goes down, what happens to the unemployment rate?
20
30 sec
Q.
Which employment sector does this belong to? Dodge auto maker
21
30 sec
Q.
Which employment sector does this belong to? Seamstress
22
30 sec
Q.
A newspaper delivery man lost his job due to the increase use of online news websites. This is an example of which of the following?
23
30 sec
Q.
Logan lost his job at Asier's Erasers, a company selling sweaters. Logan lost his job because the owner, Pablo, bought a machine that can print slogans on the sweater more efficiently than Logan can. Logan is now experiencing what type of unemployment?
24
30 sec
Q.
Stewart used to use wood to make ships. Stewart was laid off however, when everyone started using steel, rather than wood, to make ships. Now, no one wants to hire a wooden shipbuilder like Stewart. His unemployment is considered:
25
30 sec
Q.
An assembly line worker lost his job because he was replaced by machinery that can do his job faster. This is an example of which type of unemployment?
26
30 sec
Q.
What is a Discouraged Worker?
27
30 sec
Q.
High unemployment will cause the government to...
28
30 sec
Q.
Which of the following statements about short-run and long-run Phillips curves if true?
29
30 sec
Q.
A country's population is 60,000, there are 40,000 people employed and 5,000 people unemployed. What is the labor force participation rate?
30
30 sec
Q.
If the employed are 8 million and the labor force is 20 million, what is the unemployment rate?
31
30 sec
Q.
If the population for a country is 100,000, the number of people employed is 70,000, and the number of unemployed is 10,000, what is the unemployment rate?
32
30 sec
Q.
In country A, the population is 1,000,000. The number of employed is 700,000, while the number of unemployed is 100,000. What is the unemployment rate?
33
30 sec
Q.
Which of the following is the closest example of structural unemployment?
34
30 sec
Q.
The natural rate of unemployment is the unemployment rate that would exist in the absence of _________.
35
30 sec
Q.
The labor force participation rate in the U.S. increased from 59% to 67% between 1948 and 2000. Which of these, if true, is the most plausible explanation for that shift?
36
30 sec
Q.
Calculate the labor force participation rate for an economy which has 100 people that are unemployed, a labor force of 800 people, and a population of 1000 people.
37
30 sec
Q.
Which employment sector does this belong to? Sprint salesperson
38
30 sec
Q.
Which employment sector does this belong to? Waiter
39
30 sec
Q.
Nike is laying people off due to decrease in demand for Kobe 20’s (basketball shoes) because consumers can’t afford shoes in the recession. This is an example of which of the following?
40
30 sec
Q.
In Pleasanton the population is 8,206. The number of employed is 5,025 while the number of unemployed is 2,050. What is the labor force participation rate?
41
30 sec
Q.
Vadim has a criminal record. He looked for work for a while, but now doesn’t even try, since he knows no one will hire a former criminal. Because he has given up looking for work, he is considered:
42
30 sec
Q.
Due to the economy entering a recession, demand for marshmallows plummets, and Marie’s Mouthwatering Marshmallows, Inc. is forced to lay off thousands of workers. These workers are said to be _____________ unemployed.
43
30 sec
Q.
Which employment sector does this belong to? 8th grader
44
30 sec
Q.
Which employment sector does this belong to? Stay at home mom
45
30 sec
Q.
Assume that an individual is working at a restaurant and decides that he wants to quit his job and go back to school full-time. What kind of unemployment is this?
46
30 sec
Q.
Discouraged workers are considered to be
47
30 sec
Q.
An assembly line worker lost his job because he was replaced by machinery that could do his job faster. This is an example of which of the following?
48
30 sec
Q.
Which government policy measure would be most likely to reduce unemployment?
