Economic Change & Labor Force

What are some changes in the economy that can impact employment levels in the United States?

• Inflation, technological advancements, and changes in consumer demand

• Only inflation

• Only technological advancements

• None of the above

In the United States, who are considered to be part of the labor force?

• Only employed individuals

• Only unemployed individuals

• Both employed and unemployed individuals

• None of the above

When the demand for goods and services is greater and resources are available, what happens to unemployment rates?

• Unemployment rates increase

• Unemployment rates decrease

• Unemployment rates remain the same

• Unemployment rates fluctuate unpredictably

A company might choose to outsource its employees to another country because:

• it wants to reduce costs.

• it wants to increase costs.

• it wants to decrease efficiency.

• it wants to increase local employment.

What are the consequences for workers and businesses when people are not employed?

• Increased productivity and profits

• Higher unemployment benefits and taxes

• Improved employee morale and satisfaction

• Greater job security and stability

The government monitors unemployment in the United States through which of the following methods?

• Conducting a monthly survey called the Current Population Survey (CPS)

• Using data from the Internal Revenue Service (IRS)

• Analyzing social media trends

• Monitoring job postings on online platforms