Chapter 13: UNEMPLOYMENT

Front

A labor force of 20 million people has 18.5 million people employed. Find the unemployment rate.

Back

7.5%

Front

Discouraged workers in the economy implies that the measurement of unemployment...

Back

understates the true unemployment rate

Front

If operators are fired and replaced with computer technology, the operators would be considered

Back

structurally unemployed

Front

Cyclical unemployment

Back

Lasts longer than 6 months

Front

The unemployment rate is the ratio of

Back

seeking employment to labor force

Front

Seasonal unemployment

Back

Is predictable

Front

The unemployment rate will drop if: A person is hired into a new job, Someone who was previously laid off is rehired, An unemployed person stops looking.

Back

ALL of these answers are CORRECT

Front

Which of these people is officially unemployed: A secretary who took 6 months off for maternity leave, An aspiring actress who waits tables but would rather act, Maid who got fired and will start a new job in 2 weeks, A student who only works 4 hours a week in the library?

Back

Maid who got fired and will start a new job in 2 weeks

Front

Farm helpers are unemployed when the cropping season is over.

Back

seasonal

Front

Which of the following best defines unemployment?
The state of being able to work and actively seeking work, but unable to find employment
The state of being able to work, but choosing not to
The percentage of the labour force that is able and actively seeking work, but cannot find employment
The total number of people who do not work

Back

The state of being able to work and actively seeking work, but unable to find employment