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EC201 chapter_7_Quiz Full

Hestartedworkinganhourortwoadayatapaidjobincityscourth

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Unformatted text preview: f people employed. D) the number of people employed divided by the labor force. Answer: C Diff: 1 Topic: Unemployment Skill: Definition 11) Jake retired from the police force. He started working an hour or two a day at a paid job in city's courthouse. Jake is A) employed. B) in the labor force. C) unemployed. D) not in the labor force. Answer: A Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 12) Diane lost her job and immediately started looking for another job. As a result the A) unemployment rate increases. B) labor force increases. C) labor force decreases. D) unemployment rate remains constant. Answer: A Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking Refer to the information provided in Table 7.1 below to answer the questions that follow. Table 7.1 13) Refer to Table 7.1. The labor force equals A) 14,000 people. B) 17,000 people. C) 18,000 people. D) 21,000 people. Answer: B Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 14) Refer to Table 7.1. The u...
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