Quiz 3.5 - Exit Menu Quiz 3-5 Submitted by jjani on 5:29:22...

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Sheet1 Page 1 Exit Menu Quiz 3-5 Submitted by jjani on 3/16/2008 5:29:22 PM Points Awarded 20 Points Missed 0 Percentage 100% 1.The unemployment rate is defined as 1 A.the reciprocal of the labor force participation rate. B.the raw number of workers who want a job but do not have one. C.the number of unemployed workers divided by the total adult population. D.the percentage of the labor force that is not employed. Right Points Earned:1/1 Correct Answer:D Your Response:D 2.If the total population in the U.S. is 275 million, the adult population is 215 million, the number employed is 140 million, and t h 2 A.69.7% B.54.5% C.65.1% D.50.9% Right Points Earned:1/1 Correct Answer:A Your Response:A 3.Critics argue that the Bureau of Labor Statistics' measurement of the unemployment rate understates the actual amount of u n 3 A.does not include children under 18. B.does not factor in part-time employees who would rather have full-time employment. C.unfairly includes employees who may have been laid off only days prior to the survey. D.calculates the rate in a way that exaggerates the effect of discouraged workers. Right Points Earned:1/1 Correct Answer:B Your Response:B 4.Which of the following cases is an example of structural unemployment? 4 A.An accountant quits her job to become an investment banker. B.An auto worker is fired for poor job performance. C.A wheat farmer, whose income has plummeted because of a new trade agreement, quits farming and starts looking for a ne w D.A consultant is laid off becuase poor economic conditions have depressed the market for consultants. Right Points Earned:1/1
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This test prep was uploaded on 04/07/2008 for the course ECONOMICS 101 taught by Professor Wilhour during the Spring '08 term at Parkland.

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Quiz 3.5 - Exit Menu Quiz 3-5 Submitted by jjani on 5:29:22...

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