Study Game - Topic 2.3

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Unemployment

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HS4

Economics

unemployment

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Zachary Foust

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Study Game - Topic 2.3Version en ligne Unemployment par Zachary Foust 1 The table shows labor market statistics for a nation. What is the nation’s unemployment rate? a 4% b 5% c 6% d 9% 2 Which of the following unemployed individuals represents frictional unemployment? a Marissa, a full-time student who plays on the school’s soccer team. b Janet, an accounting graduate who is interviewing with a number of accounting firms. c Sameer, a retired faculty member who volunteers at the local hospital. d Jeremy, a customer service representative who was laid-off after his job was automated. 3 The table shows labor market statistics for a nation. Based on the above table which of the following is most likely correct? a The natural rate of unemployment is 5 percent. b The labor force participation rate is 91 percent. c Discouraged workers are 4 percent of the labor force. d There are 9 million discouraged workers in the nation 4 Which of the following is an example of structural unemployment? a Sheryl returns to the labor force after raising her children. b Timothy begins looking for a job after graduation. c Harold loses his job due to automation. d Bob is dissatisfied with his job, and he begins looking for a new one. 5 Which of the following is an example of cyclical unemployment? a Gerald loses his job during a recession and begins looking for a new one. b Simon loses his job during a recession and decides to take a break from work. c Carlos loses his job during a recession and decides to return to school d Maria graduates from college and begins looking for her first job. 6 Assume that an unemployed person stops looking for a job. What will happen to the unemployment rate? a The unemployment rate will increase. b The unemployment rate will decrease. c The unemployment rate will remain unchanged. d The unemployment rate will rise and then fall. 7 The natural rate of unemployment is best defined as a the sum of frictional unemployment and cyclical unemployment b the unemployment that occurs as a result of a recession. c the normal rate of unemployment experienced by a healthy economy. d the minimum rate of unemployment 8 The labor force is a the adult working-age population b the total number of employed workers c the adult working-age population minus the total number of unemployed workers d the total number of employed workers plus the total number of workers who are jobless and looking for a job 9 Which of the following is a limitation of the unemployment rate? a The unemployment rate overstates the true level of unemployment because part-time workers are counted as unemployed. b The unemployment rate understates the true level of unemployment because it excludes discouraged workers. c The unemployment rate understates the true level of unemployment because part-time workers are counted as unemployed. d The unemployment rate understates the true level of unemployment because recent graduates are not counted as unemployed. 10 Assume that the natural rate of unemployment is 5 percent, and the actual rate of unemployment is 3 percent. Which of the following statements must be true? a There are not enough job openings and too many job seekers. b There are too many job openings and not enough job seekers. c The economy is experiencing a recession. d The cyclical rate of unemployment is positive. 11 What is the labor force? a The total number of people who are employed b The total working-age population c The total number of people who are employed and unemployed d The total number of full-time workers 12 What is employment? a The total number of workers and full-time volunteers b The total number of people who are currently working for pay c The total number of people in the labor force d The total number of full-time workers 13 What is unemployment? a The total number of people who are jobless b The total number of discouraged workers c The total number of people who are jobless plus full-time parents d The total number of people who are jobless and actively looking for work 14 What is the unemployment rate? a The percent of the labor force that is unemployed b The percent of the working-age population that is unemployed c The percent of the working-age population that is not looking for work d The percent of the labor force that is employed 15 What is the natural rate of unemployment? a Frictional unemployment plus cyclical unemployment b Frictional unemployment plus structural unemployment c Structural unemployment plus cyclical unemployment d Cyclical unemployment minus frictional unemployment 16 What is frictional unemployment? a Unemployment caused by seasonal changes in the demand for labor b Unemployment caused by reductions in total spending c Unemployment caused by long-term issues such as automation d Unemployment caused by temporary transitions in life 17 What is structural unemployment? a Unemployment caused by seasonal changes in the demand for labor b Unemployment caused by reductions in total spending c Unemployment caused by long-term issues such as automation d Unemployment caused by temporary transitions in life 18 What is cyclical unemployment? a Unemployment caused by seasonal changes in the demand for labor b Unemployment caused by reductions in total spending c Unemployment caused by long-term issues such as automation d Unemployment caused by temporary transitions in life 19 What are discouraged workers? a Individuals who have given up looking for work b Individuals who are jobless and looking for work c Individuals who are involuntarily part-time workers d Individuals who are employed in depressing jobs

Study Game - Topic 2.3Version en ligne

Unemployment

par Zachary Foust

The table shows labor market statistics for a nation. What is the nation’s unemployment rate?

Which of the following unemployed individuals represents frictional unemployment?

Marissa, a full-time student who plays on the school’s soccer team.

Janet, an accounting graduate who is interviewing with a number of accounting firms.

Sameer, a retired faculty member who volunteers at the local hospital.

Jeremy, a customer service representative who was laid-off after his job was automated.

The table shows labor market statistics for a nation. Based on the above table which of the following is most likely correct?

The natural rate of unemployment is 5 percent.

The labor force participation rate is 91 percent.

Discouraged workers are 4 percent of the labor force.

There are 9 million discouraged workers in the nation

Which of the following is an example of structural unemployment?

Sheryl returns to the labor force after raising her children.

Timothy begins looking for a job after graduation.

Harold loses his job due to automation.

Bob is dissatisfied with his job, and he begins looking for a new one.

Which of the following is an example of cyclical unemployment?

Gerald loses his job during a recession and begins looking for a new one.

Simon loses his job during a recession and decides to take a break from work.

Carlos loses his job during a recession and decides to return to school

Maria graduates from college and begins looking for her first job.

Assume that an unemployed person stops looking for a job. What will happen to the unemployment rate?

The unemployment rate will increase.

The unemployment rate will decrease.

The unemployment rate will remain unchanged.

The unemployment rate will rise and then fall.

The natural rate of unemployment is best defined as

the sum of frictional unemployment and cyclical unemployment

the unemployment that occurs as a result of a recession.

the normal rate of unemployment experienced by a healthy economy.

the minimum rate of unemployment

The labor force is

the adult working-age population

the total number of employed workers

the adult working-age population minus the total number of unemployed workers

the total number of employed workers plus the total number of workers who are jobless and looking for a job

Which of the following is a limitation of the unemployment rate?

The unemployment rate overstates the true level of unemployment because part-time workers are counted as unemployed.

The unemployment rate understates the true level of unemployment because it excludes discouraged workers.

The unemployment rate understates the true level of unemployment because part-time workers are counted as unemployed.

The unemployment rate understates the true level of unemployment because recent graduates are not counted as unemployed.

Assume that the natural rate of unemployment is 5 percent, and the actual rate of unemployment is 3 percent. Which of the following statements must be true?

There are not enough job openings and too many job seekers.

There are too many job openings and not enough job seekers.

The economy is experiencing a recession.

The cyclical rate of unemployment is positive.

What is the labor force?

The total number of people who are employed

The total working-age population

The total number of people who are employed and unemployed

The total number of full-time workers

What is employment?

The total number of workers and full-time volunteers

The total number of people who are currently working for pay

The total number of people in the labor force

The total number of full-time workers

What is unemployment?

The total number of people who are jobless

The total number of discouraged workers

The total number of people who are jobless plus full-time parents

The total number of people who are jobless and actively looking for work

What is the unemployment rate?

The percent of the labor force that is unemployed

The percent of the working-age population that is unemployed

The percent of the working-age population that is not looking for work

The percent of the labor force that is employed

What is the natural rate of unemployment?

Frictional unemployment plus cyclical unemployment

Frictional unemployment plus structural unemployment

Structural unemployment plus cyclical unemployment

Cyclical unemployment minus frictional unemployment

What is frictional unemployment?

Unemployment caused by seasonal changes in the demand for labor

Unemployment caused by reductions in total spending

Unemployment caused by long-term issues such as automation

Unemployment caused by temporary transitions in life

What is structural unemployment?

Unemployment caused by seasonal changes in the demand for labor

Unemployment caused by reductions in total spending

Unemployment caused by long-term issues such as automation

Unemployment caused by temporary transitions in life

What is cyclical unemployment?

Unemployment caused by seasonal changes in the demand for labor

Unemployment caused by reductions in total spending

Unemployment caused by long-term issues such as automation

Unemployment caused by temporary transitions in life

What are discouraged workers?

Individuals who have given up looking for work

Individuals who are jobless and looking for work

Individuals who are involuntarily part-time workers

Individuals who are employed in depressing jobs

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Study Game - Topic 2.3Version en ligne

par Zachary Foust

The table shows labor market statistics for a nation. What is the nation’s unemployment rate?

Which of the following unemployed individuals represents frictional unemployment?

The table shows labor market statistics for a nation. Based on the above table which of the following is most likely correct?

Which of the following is an example of structural unemployment?

Which of the following is an example of cyclical unemployment?

Assume that an unemployed person stops looking for a job. What will happen to the unemployment rate?

The natural rate of unemployment is best defined as

The labor force is

Which of the following is a limitation of the unemployment rate?

Assume that the natural rate of unemployment is 5 percent, and the actual rate of unemployment is 3 percent. Which of the following statements must be true?

What is the labor force?

What is employment?

What is unemployment?

What is the unemployment rate?

What is the natural rate of unemployment?

What is frictional unemployment?

What is structural unemployment?

What is cyclical unemployment?

What are discouraged workers?