EC201 chapter_7_Quiz Full

A african americanteenagerswhitemales b menover55

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Unformatted text preview: als 240,000 and the number of employed equals 300,000, the labor-force participation number of rate A) is 80%. B) is 24%. C) is 55.6%. D) cannot be determined from this information. Answer: D Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 32) In the U.S. the highest unemployment rate is for ________ and the lowest is for ________. A) African- American teenagers; white males B) men over 55; women below 25 C) African- American teenagers; white females D) African- American women over 25; white males Answer: A Diff: 1 Topic: Unemployment Skill: Fact 33) When an individual quits his/her job and decides to stay at home for a while, 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: A Diff: 1 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 34) Mike has graduated from college and is now looking for a job, but has not yet found one. This causes the just unemployment rate...
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