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Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family She is currently looking for work so she would be considered

Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family. She is currently looking for work, so she would be considered

   

frictionally unemployed.

   

cyclically unemployed.

   

a discouraged worker.

   

seasonally unemployed.

QUESTION 2

Discouraged workers

   

are counted as unemployed workers when the unemployment rate is calculated.

   

would decrease the unemployment rate if they were added to the number of unemployed workers.

   

are counted as one-half of a worker in the unemployment statistics.

   

would increase unemployment rate if they were added to the number of unemployed workers.

QUESTION 3

In measuring the unemployment rate, part-time workers are ________ and discouraged workers are ________.

   

included as employed; included as unemployed

   

excluded; excluded

   

excluded; included as unemployed

   

included as employed; excluded

  

QUESTION 4

Mary has decided that the she does not like Iowa and has decided to quit her job as a medical technician and move to Arizona. Mary's unemployment as she searches for a new job is best classified as

   

frictional.

   

cyclical.

   

structural.

   

seasonal.

QUESTION 5

When a golf caddy in Minnesota (where golf courses close in the winter) is unemployed in December, it is most likely the case that the golf caddy is

   

cyclically unemployed during long droughts.

   

frictionally unemployed during spring and summer.

   

structurally unemployed during spring and summer.

   

seasonally unemployed.

QUESTION 6

After graduating from college, Yunis, age 22, started working for his parent's real estate business as an unpaid assistant. He works 25 hours a week helping manage rental units . In the Current Population Survey, Yunis is considered

   

part of the labor force and employed.

   

part of the labor force and unemployed.

   

a discouraged worker.

   

not part of the labor force.

QUESTION 7

The working-age population includes

   

youngsters between the ages of 14 and 16 if they are working at least part time.

   

only employed people over the age of 16.

   

those in jails and hospitals.

   

employed and unemployed people over the age of 16.

QUESTION 8

Involuntary part-time workers are workers who

   

work less than 35 hours but would like to work full time.

   

work more than 35 hours but would like to work less than 35 hours.

   

work less than 35 hours by choice.

   

work have lost their jobs within the last four weeks and are seeking another job.

QUESTION 9

Frictional unemployment is the result of

   

the normal process of jobs being created and destroyed.

   

an economic recession.

   

people not getting along (having friction) with their employers.

   

the economic decline of major industries

QUESTION 10

Bill just graduated with his degree in economics. Through Career Services he submitted his resume to several companies and he will visit them during the next two weeks. Bill is considered

   

not in the labor force.

   

cyclically unemployed.

   

frictionally unemployed.

   

structurally unemployed.

QUESTION 11

Harry works at the video rental store for 20 hours per week. He's asked his boss to allow him to work 40 hours per week, but has been told that business is too slow. Harry is considered

   

an involuntary part-time worker.

   

a marginally attached worker.

   

a discouraged worker.

   

not in the labor force.

  

QUESTION 12

Discouraged workers who are over 16 years old are

i.not counted as unemployed.

ii.part of the working-age population.

iii.part of the labor force.

   

i and ii

   

ii and iii

   

ii only

   

i only

QUESTION 13

Higher unemployment benefits create

   

higher seasonal unemployment as workers switch jobs.

   

a lower number of job leavers.

   

incentives for longer job searches and higher frictional unemployment.

   

incentives for shorter job searches and higher structural unemployment.

QUESTION 14

Seasonal unemployment includes people who become unemployed from

   

changes in the business cycle.

   

technological changes.

   

the seasonal weather patterns.

   

normal changes in the labor force.

QUESTION 15

Cyclical unemployment is

   

higher when the economy is expanding.

   

always greater than the total of structural and frictional unemployment.

   

the total of structural and frictional unemployment.

   

created by a recession.

QUESTION 16

Which of the following people would be classified as employed in the Current Population Survey?

   

April, who just graduated from college and is looking for work

   

Jason, who was laid off from work less than 6 months ago but who has stopped looking for work

   

Rich, who is working 20 hours a week but wants a full-time job

   

Misty, who just quit her job to return full time to school

QUESTION 17

People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called

   

discouraged workers.

   

involuntarily unemployed.

   

part-time lookers.

   

unemployed workers.

  

QUESTION 18

Discouraged workers are included in the calculation of the

i.unemployment rate.

ii.labor force participation rate.

iii.working-age population.

   

i and ii

   

i only

   

iii only

   

ii only

QUESTION 19

As firms search for the best employee to fill an opening and the unemployed search for the job that best fits their skills, the economy experiences

   

changes in the business cycle.

   

cyclical unemployment.

   

frictional unemployment.

   

structural unemployment.

QUESTION 20

Suppose the U.S. population is 275 million. If 210 million people are of working age, 135 million are employed, and 6 million are unemployed, what is the labor force participation rate?

   

64 percent

   

67 percent

   

76 percent

   

49 percent

QUESTION 21

During a recession the unemployment rate generally ________ and during an expansion the unemployment rate generally ________.

   

rises; rises

   

rises; does not change

   

falls; rises

   

rises; falls

QUESTION 22

In January of 2001, the population of the United States was 276.8 million, the working-age population was 210.2 million, the total number of people employed was 140, and the total number of people unemployed was 5.0 million. What was the labor force participation rate?

   

56 percent

   

69 percent

   

78 percent

   

67 percent

QUESTION 23

If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as

   

unemployed.

   

employed.

   

a discouraged worker.

   

not in the labor force.

  

QUESTION 24

Julie works part-time for economic reasons. She would be considered

   

an involuntary part-time worker.

   

not in the labor force.

   

a job seeker.

   

a discouraged worker.

  

QUESTION 25

Suppose the population is 300 million people, the labor force is 200 million people, the number of people employed is 185 million, and the working-age population is 170 million people. What is the unemployment rate?

   

5 percent

   

7.5 percent

   

8.8 percent

   

92.5 percent

May 16 2020 View more View Less

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