Ch 13 Flashcard

Front

True or False- Civilian labor force everyone age 18+ who is employed or seeking employment

Back

False

Front

The establishment of a minimum wage helps employees by doing what?

Back

It was designed to help prevent working people from getting exploited by employers.

Front

Categorize the type of unemployment: Changes in the economy reduce demand for workers and their skills (Options: frictional, seasonal, structural, tech)

Back

structural

Front

True or False- The unemployment rate counts those too discouraged to look for work or those who have only a PT job

Back

False

Front

_______sum of the monthly inflation and unemployment rates

Back

misery index

Front

True or False- Recession, inflation, and unemployment does not lead to higher crime rates, higher poverty, and more domestic problems.

Back

False

Front

Zero unemployment is not an achievable goal in a ________

Back

market economy

Front

True or False- Underemployment includes working at a job where people are underqualified or working part time jobs

Back

False

Front

A worker receiving _______ faces somewhat less financial pressure to find a new job immediately.

Back

unemployment insurance

Front

The development of new technology is a cause of which type of unemployment? Options: Seasonal, Structural, Cyclical, Underemployment

Back

Structural