WorksheetsCh 13 Quiz
Total questions: 16
Worksheet time: 8mins
Name
Class
Date
1.
Your first and last name
4 lines
2.
True or False-
Civilian labor force everyone age 18+ who is employed or seeking employment
a)
True
b)
False
3.
The establishment of a minimum wage help employees by doing what?
a)
It was designed to help people provide for their own retirement.
b)
It was designed to help people who were temporarily out of work.
c)
It was designed to help people who wanted to own stocks.
d)
It was designed to help prevent working people from getting exploited by employers.
4.
Categorize the type of unemployment-
Changes in the economy reduce demand for workers and their skills
a)
frictional
b)
seasonal
c)
structural
d)
tech
5.
True or False-
The unemployment rate counts those too discouraged to look for work or those who have only a PT job
a)
True
b)
False
6.
_______sum of the monthly inflation and unemployment rates
a)
sadness summation
b)
GDP per capita
c)
quantifying quota
d)
misery index
7.
True or False-
Recession, inflation, and unemployment does not lead to higher crime rates, higher poverty, and more domestic problems.
a)
True
b)
False
8.
Zero unemployment is not an achievable goal in a ________
a)
command economy
b)
market economy
c)
traditional economy
d)
dictatorship
9.
True or False-
Underemployment includes working at a job where people are underqualified or working part time jobs
a)
True
b)
False
10.
A worker receiving _______ faces somewhat less financial pressure to find a new job immediately.
a)
unemployment insurance
b)
Social Security
c)
G.I. Bill
d)
Medicaid
11.
The development of new technology is a cause of which type of unemployment?
a)
Seasonal
b)
Structural
c)
Cyclical
d)
Underemployment
12.
Who does the civilian labor force include?
a)
People sixteen and older who are confined to a mental health facility
b)
People eighteen and older who are in the military
c)
All citizens of the U.S.
d)
People who are sixteen and older who are employed or looking for a job
13.
What is the unemployment rate based on?
a)
The # of unemployed people expressed as a % of the civilian labor force
b)
The # of unemployed people expressed as a % of all people over sixteen
c)
The # of unemployed people expressed as a % of the population
d)
The # of unemployed people expressed as a % of taxpayers
14.
A measure of consumer discomfort found by adding the unemployment rate to the rate of inflation
a)
Misery Index
b)
Consumer Discomfort Rate
c)
Consumer Price Index
d)
Seasonal unemployment
15.
How does economic uncertainty lead to job loss?
a)
People don’t trust the success of their companies, so they quit their jobs.
b)
People hold onto their money longer and don’t buy things, causing jobs to be lost.
c)
People don’t concentrate at work because of financial stress, and lose their jobs.
d)
People try to find work in other fields
16.
Economists generally agree that in an economy that is working properly, an unemployment rate of around ____% is normal.
a)
4-6
b)
1-3
c)
5-7
d)
0
100 %
