EC201 chapter_7_Quiz Full

B isnotlooking forajob c haslookedfora

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Unformatted text preview: B Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 7) Bob is unemployed if he A) is temporarily laid off. B) is not looking for a job. C) has looked for a job for two months and then quit looking. D) A and C are correct Answer: A Diff: 1 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 8) For you to be considered out of the labor force, you can be A) a full-time student. B) a full-time retiree. C) a full-time volunteer. D) any of the above Answer: D Diff: 1 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 9) Cheryl from college a month ago and is now without work. She accepted a job that will start next month. Today, graduated Cheryl is A) not in the labor force. B) in the labor force. C) employed. D) a discouraged worker. Answer: B Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 10) The number of people unemployed equals A) the number of people employed minus the labor force. B) the labor force plus the number of people employed. C) the labor force minus the number o...
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