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Labor Market Test

Authored by Caylie Caulfield

Social Studies

12th Grade

Used 1+ times

Labor Market Test
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _______________ is a union-organized work stoppage designed to gain concessions from an employer.

Lockout

Strike

Contract

Injunction

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This part of the market determines DEMAND

buyers
sellers
suppliers
store owners

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a part of a persons Human Capital

Knowledge

Skills

Experience

All of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a CON of raising Minimum Wage?

wages will match the growth of inflation in the economy.

Firms will be discouraged to hire low-skilled workers.

People will not have to work multiple jobs to make ends meet.

Consumers will have more buying power.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The labor force is made up from

all the employed people

all the unemployed people

all the employed and unemployed people

people not willing or able to work

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To be considered unemployed you must

have no job

have had a job at one point in time but no longer working

be not working for one week, but have sought out work at least once in the last 4 weeks

none of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the unemployment rate calculated?

(# of employed / # in the labor force) x 100

(# in the labor force / # of employed) x 100

# in labor force x 100

# of employed / 100

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