WorksheetsChapter 6 Where to Live, Work, and Play
Total questions: 20
Worksheet time: 40mins
Forecasting the economic outlook is an exact science and accurately tells businesses how their company will perform.
True
False
It is important for a person to develop knowledge and skills that will keep them competitive in an ever-changing job market.
True
False
Financial experts recommend that a person does not spend more than 30% of their income for rent.
True
False
Where a person lives can affect job availability and how much they earn.
True
False
Read the statements below and select T if the statement is true or F if the statement is false. 5. There has been a consistent negative job outlook in the areas of healthcare and technology.
T
F
A concept in economics where putting resources into an economy creates a ripple effect, which increases employment and the output of goods and services is called the
Economic outlook
Multiplier effect
Housing wage
Job outlook
What is NOT an example of a career opportunity in the "green" industry?
Wind energy
Plumber
Solar energy installation
Green engineering
Small businesses employ about _____ of the nation's private sector workforce.
One third
Half
Three quarters
One quarter
What are some good ways to conduct job outlook research?
Arrange search results into categories
Research the job outlook for your preferred industry area
Talk to a career counselor
All of the above.
Economic factors of employment include a. Demographics b. Labor costs c. Globalization d. All of the above.
Demographics
Labor costs
Globalization
All of the above
Define the following in the space provided. Labor costs: _____
The cost of wages paid to employees
The cost of materials used in production
The cost of utilities for the facility
The cost of marketing and advertising
Define the following in the space provided. Job outlook: _____
A forecast of what employment opportunities for a particular occupation will be in the future
A detailed job description
A list of job responsibilities
A summary of job qualifications
Define the following in the space provided. Demographics: _____
The statistical data about the population, such as gender, age, education level, the availability of a particular skilled labor, salary levels, and marital and family status
A type of government system
A branch of biology dealing with plant life
A mathematical theory related to numbers
Define the following in the space provided. Unemployment rate: _____
The percentage of the total labor force that is not employed, but wants to be and is actively seeking employment
The percentage of people who are employed full-time
The percentage of people who are employed part-time
The percentage of the total population that is not employed
Define the following in the space provided. Housing wage: _____
The amount of income needed to afford housing
The average wage of construction workers
The cost of building a new house
The price of renting a luxury apartment
Job outlook is an important aspect of career planning because:
it determines the future demand for a profession.
it is irrelevant to career planning.
it only affects salary expectations.
it is only important for certain careers.
What are two economic factors of employment and how can they affect job availability and pay?
Inflation and interest rates can affect job availability and pay by influencing the cost of living and borrowing costs.
Supply and demand can affect job availability and pay by determining the number of available jobs and the wages offered.
Government policies and technological advancements can affect job availability and pay by creating new industries and changing labor needs.
All of the above factors can affect job availability and pay in various ways.
Geographic factors with regard to employment considerations include:
climate and weather conditions
proximity to natural resources
transportation and infrastructure
all of the above
The multiplier effect is a phenomenon where an initial change in spending leads to a larger change in economic output. Which of the following is an example of a positive multiplier effect?
A government invests in infrastructure, leading to increased employment and higher consumer spending.
A company cuts costs by laying off workers, leading to decreased consumer spending.
A country experiences a recession, leading to decreased investment and spending.
A business raises prices, leading to decreased demand for its products.
A weak economy and a high level of unemployment affect a person’s job hunt by:
making it easier to find a job due to more opportunities
increasing competition and reducing job availability
having no effect on job hunting
ensuring higher salaries due to demand
