Econ U2ch2 Unemployment

Which answer choice best fits the following definition?

"Unemployment not due to broader economic factors, but rather due to the employee themselves. Which is usually temporary."

• Frictional Unemployment

• Structural Unemployment

• Seasonal Unemployment

• Cyclical

  Unemployment

Which answer choice best fits the following definition?

"Unemployment due to a change in the structure of the job/business, meaning a change that is out of the workers control."

• Frictional Unemployment

• Structural Unemployment

• Seasonal Unemployment

• Cyclical

  Unemployment

Which answer choice best fits the following definition?

"When a seasonal change causes some seasonal workers to lose their job."

• Frictional Unemployment

• Structural Unemployment

• Seasonal Unemployment

• Cyclical

  Unemployment

Which answer choice best fits the following definition?

"Unemployment caused by an economic downturn. Unemployment picks back up when the Economy improves."

• Frictional Unemployment

• Structural Unemployment

• Seasonal Unemployment

• Cyclical

  Unemployment

Which of the following answer choices best fits the given definition?

"The percent of people in the labor force who are unemployed."

• Unemployment Rate

• Labor Force

• Underemployment

• Unemployment

Which of the following answer choices best fits the given definition?

"The number of adults that have a job plus all of the adults who are actively looking for a job."

• Unemployment Rate

• Labor Force

• Underemployment

• Unemployment

Which of the following answer choices are used to calculate the Unemployment Rate?

• Unemployed Individuals

• Labor Force

• Underemployment

• Unemployment

Which Type of Unemployment best fits the following Scenario?

"Bob works at Wendy's as a cashier. He quits because he wants to apply at McDonald's where there is an open manager position."

• Frictional Unemployment

• Structural Unemployment

• Seasonal Unemployment

• Cyclical

  Unemployment

Which Type of Unemployment best fits the following Scenario?

"A Fisherman who lives on an Island in a large lake loses his job when all of the fish in the lake suddenly disappear."

• Frictional Unemployment

• Structural Unemployment

• Seasonal Unemployment

• Cyclical

  Unemployment

Which Type of Unemployment best fits the following Scenario?

"Emma becomes dissatisfied with her job at the local mall, so she quits to try to find a better job."

• Frictional Unemployment

• Structural Unemployment

• Seasonal Unemployment

• Cyclical

  Unemployment