Labor and Consumer Issues

Labor and Consumer Issues

Multiple Choice

What is a worker's total compensation?

• Wages only

• Benefits only

• Wages and benefits

• The amount receive in unemployment benefits

Multiple Choice

A ________ is acting as a consumer.

• person working in a shopping mall

• professor teaching economics at a community college

• woman buying a computer

• teen starting a babysitting cooperative

Multiple Choice

Which of the following proverbs or slogans expresses the principle that underlies labor unions?

• All for one and one for all.

• Strike while the iron is hot.

• Work expands to fill the time available.

• Many hands make light work.

Multiple Choice

When was civilian unemployment at its lowest during the decade shown on the graph?

• 2000

• 2002

• 2006

• 2008

Multiple Choice

Which of the following statements is supported by the data in the graph?

• People who have stopped looking for work are not counted among the unemployed.

• As the number of employed civilians rose steadily from 2003 to 2006, the number of unemployed slowly declined.

• The rate of civilian unemployment during the 2000s exceeded the rate of civilian employment.

• Unemployed civilians made up about 25% of the total civilian workforce from 2000 to 2010.