When an economy uses all of its labor resources in the most efficient way possible, it has achieved

6.03_EC82 H. Marketing Applications Review

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Other
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9th - 12th Grade
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Medium
belinda p
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
full employment.
minimal unemployment.
structural unemployment.
classical employment.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The unemployment rate is a(n) __________ indicator.
coincident
irrelevant
lagging
leading
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of unemployment is voluntary?
Cyclical unemployment
Seasonal unemployment
Structural unemployment
Frictional unemployment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There are jobs available in Javier’s town; however, none of the jobs are a good match for his skills and experience. This is an example of __________ unemployment.
seasonal
structural
frictional
technological
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of technological unemployment:
The cancellation of a TV show leaves its actors, writers, and production crews out of work.
The local outlawing of single-use plastics leads to fewer jobs in straw factories.
The recent trend in healthier eating leads to fewer jobs producing soda.
The invention of digital photography leads to fewer jobs developing film.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of seasonal unemployment:
A frozen yogurt shop decreases its staff in winter.
A person moves to Chicago to look for a job that matches his/her skills.
A truck driver is replaced by a self-driving truck.
An engineer’s job contract expires.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a potential reason for structural unemployment:
A change in consumer preferences
Increased competitiveness of main industries in the economy
An overabundance of available jobs
People transitioning between jobs
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