chapter 7 Q&A - 43) Timmy started looking for another...

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Unformatted text preview: 43) Timmy started looking for another job immediately after he lost his current job. As a result the: A) labor force decreases. B) labor force increases. C) unemployment rate increases. D) unemployment rate remains constant. Answer: C 44) The unemployment rate is calculated as: A) (employed - labor force)/employed 100. B) (employed + unemployed)/labor force 100. C) unemployed/po pulation 100. D) (unemployed)/l abor force 100. Answer: D 45) When an individual quits his job and decides to look for a new job immediately, the labor- force participation rate: A) decreases. B) increases. C) stays the same. D) may increase or decrease, depending on the length of time he/she stays at home. Answer: C 46) A customer service representative in Nebraska who loses his job because the company relocated the customer service department to another country represents an example of: A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) natural unemployment. Answer: B 47) An...
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This test prep was uploaded on 04/01/2008 for the course ECO 2301 taught by Professor Lubaketsler during the Spring '08 term at University of Texas at Dallas, Richardson.

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chapter 7 Q&A - 43) Timmy started looking for another...

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