Ecos
Quiz
•
Business
•
10th Grade
•
Hard
Used 2+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is frictional unemployment?
It happens during economic downturns.
It occurs when workers are laid off.
It's when people change jobs or enter the workforce.
It results from technology replacing jobs.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Give an example of frictional unemployment.
Working part-time while seeking full-time work.
Losing your job due to a company going bankrupt.
Being unable to find a job during a recession.
Graduating from college and searching for your first job.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain structural unemployment.
It's a temporary phase in the business cycle.
It's caused by a lack of
It occurs when workers voluntarily leave jobs.
It's a mismatch between skills and job requirements.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does technology contribute to structural unemployment?
How does technology contribute to structural unemployment?
It can make some jobs obsolete and require new skills.
Technology has no impact on employment.
echnology only affects cyclical unemployment.
Technology creates more jobs for everyone.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's cyclical unemployment?
It's linked to changes in the minimum wage.
It rises during recessions and falls during economic growth.
It stays constant regardless of economic conditions.
It mainly affects seasonal workers.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can the government address cyclical unemployment?
Through fiscal and monetary policies during economic downturns.
Government has no impact on unemployment.
Government policies only affect structural unemployment.
Government's focus is mainly on reducing frictional unemployment.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is seasonal unemployment?
Seasonal unemployment primarily affects highly skilled workers.
It occurs in specific industries due to seasonal fluctuations in demand for labor.
Seasonal unemployment is caused by technological advancements.
Seasonal unemployment is common during economic booms.
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