Ch. 13 Exam

Match the following

• Unemployment caused by a part of the business cycle with decreased economic activity

• Structural unemployment

• Unemployment linked to seasonal work

• Seasonal unemployment

• Temporary unemployment experienced by people changing jobs

• Cyclical unemployment

• A situation where jobs exist but workers looking for work do not have the necessary skills

• Frictional unemployment

Select all impacts of unemployment

• Inefficiency

• Improved economy

• Inequality

• Discouraged workers

A level of unemploment in which none of the of the unemployment is caused by decreased economic activity.

Which group is included when calculating the employment rate?

• College graduates

• Anyone 18 and over

• Jobless people who are actively looking for work

• Everyone

1.       Persistent unemployment sometimes leads to ​ (a)   , a situation in which a person lacks the income and resources ot achieve a minimum standard of living.​

• poverty
• poverty threshold
• poverty rate

1.       Persistent unemployment sometimes leads to ​ (a)   , a situation in which a person lacks the income and resources ot achieve a minimum standard of living.​

• poverty
• poverty threshold
• poverty rate

1.       The US Government has established its own standard for poverty based on income levels. This ​​ (a)   is the official minimum income needed for the basic necessities of live in the United States.

• poverty threshold
• poverty rate
• poverty

1.       The ​ (a)   is the percentage of people living in households that have incomes below the poverty threshold.

• poverty rate
• poverty
• poverty threshold

Government economic and social programs that provide assistance to the needy are called​ (a)   programs.

• welfare
• Workfare
• income
• poverty

Describe two different antipoverty programs and the problem each program addresses.