Macro

Quiz
•
Business
•
9th - 12th Grade
•
Hard
Ngọc Hồng
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
For you to be considered out of the labor force, you can be
a full-time student
a full-time retiree
a full-time volunteer
any of the above
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When an individual quits job and decides to stay at home for a while, the
labor-force participation rate
decreases
increases
stays the same
may increase or decrease
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The main policy goal of unemployment insurance is to reduce the
Search effort of the unemployed
Income uncertainty that workers face
Role of unions in wage setting
Amount of frictional unemployment
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Merideth is looking for work as a computer programmer. Although her prospects are good she hasn’t yet taken a job. Julie is looking for work in a steel mill, but there aren’t many job ads for steel workers and every time she shows up for an interview, there are many more people than openings
Meredith and Julie are both frictionally unemployed
Meredith and Julie are both structurally unemployed
Meredith is frictionally unemployed, and Julie is structurally unemployed
Meredith is structurally unemployed, and Julie is frictionally unemployed
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An effective minimum wage...
creates a wage ceiling for labor
is lower than the equilibrium price for labor
results in unemployment
increases the quantity of labor demanded by employers
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Strong minimum wage regulations
are favored by owners of supermarkets
are favored by owners of fast-food restaurants
encourage markets to adjust to change
discourage markets from adjusting to change
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What happens to workers in unions
They’re able to gain benefit from collective bargaining
They’re not received their interests
They’re not protected
They get a bonus amount from employers
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