quizzes 9, 10, 12 & 13.docx - Quiz 9 Question 1 The labor force is the sum of employed workers and unemployed workers Question 2 The unemployment

quizzes 9, 10, 12 & 13.docx - Quiz 9 Question 1 The labor...

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Quiz 9Question 1 The labor force is the sum of employed workers and unemployed workers.Question 2 The unemployment rate is the percentage of the labor force that is unemployed.Question 3 A full-time student who is not working is categorized as employed.frictionally unemployed.unemployed.a discouraged worker.not in the labor force.Question 4 Discouraged workers are classified by the BLS as out of the labor force.unemployed.employed.part of the labor force.part-time employees.Question 5 The labor force participation rate is defined as the percentage of the working-age population that is employed.the percentage of the working-age population in the labor force.the percentage of the labor force that is employed.the percentage of the labor force that is unemployed.the percentage of the working-age population that is unemployed.
Question 6 Which of the following causes the unemployment rate to understate the true extent of joblessness? Persons who collect unemployment benefits report themselves to be searching for a job.Many full time workers really want to be part time workers.Discouraged workers are not counted as unemployed.Discouraged workers are counted as unemployed.A drug dealer reports herself as unemployed.Question 7 If the number employed is 190 million, the working-age population is 230 million, and the number unemployed is 10 million, thenthe unemployment rate is 5%5.2%.8%.10%.50%.Question 8 For the last few decades, the labor force participation rates of men have ________, and the labor force participation rates of women have ________. risen; fallenrisen; risenfallen; fallenfallen; risenQuestion 9 The short-term unemployment arising from the process of matching workers with jobs is called seasonal unemployment.cyclical unemployment.unnatural unemployment.frictional unemployment.
structural unemployment.Question 10 What are the three main kinds of unemployment? structural, frictional, and cyclicalcyclical, structural, and temporarytemporary, permanent, and volunteerfrictional, seasonal, and cyclicalQuestion 11 We say that the economy is at full employment if the unemployment rate is equal to the sum of structural and cyclical unemployment.zero.the amount of cyclical unemployment.the natural rate of unemployment.the sum of frictional and cyclical unemployment.Question 12 By offering training to workers whose firms laid them off because of competition from foreign firms, the federal government is attempting to reduce cyclical unemployment.frictional unemployment.seasonal unemployment.structural unemployment.unnatural unemployment.Question 13 Which of the following has a tendency to raise the unemployment rate? offering wages at the market-clearing rateimplementing a minimum wage in an economyreducing unemployment insurance in an economyreducing labor unions membership in an economy
Question 14 Figure 8-1Refer to Figure 8-1. Based on the graph of the labor market above, if a minimum wage of $8 per hour is imposed, which of the following will result?

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