Question 1

Caitlin is working part-time at the Mr.G store,but wants to work full-time.She is

Accepted Answer

A) frictionally unemployed. 
B) structurally unemployed. 
C) not in the labour force. 
D) cyclically unemployed. 
E) none of the above. 
A) frictionally unemployed. 
B) structurally unemployed. 
C) not in the labour force. 
D) cyclically unemployed. 
E) none of the above.

Question 2

Michael lost his job as a night security guard because he kept falling asleep at the job.Now he is looking for a new job.Michael is

Accepted Answer

A) frictionally unemployed. 
B) structurally unemployed. 
C) not unemployed. 
D) cyclically unemployed. 
E) none of the above. 
A) frictionally unemployed. 
B) structurally unemployed. 
C) not unemployed. 
D) cyclically unemployed. 
E) none of the above.

Question 3

Which one of the following people would be counted as unemployed in Canada?

Accepted Answer

A) a part-time worker who repeatedly expresses a desire to become a full-time worker 
B) a person who has been seeking a job for the last six months, but recently gave up looking because he was discouraged by his job prospects 
C) a person who will be starting a new job in 6 months 
D) a person who expects to be laid off by the end of the month before next month's survey can be completed 
E) a person who has been laid off for 10 weeks and is not looking for a job because he is waiting to be called back to his old job 
A) a part-time worker who repeatedly expresses a desire to become a full-time worker 
B) a person who has been seeking a job for the last six months, but recently gave up looking because he was discouraged by his job prospects 
C) a person who will be starting a new job in 6 months 
D) a person who expects to be laid off by the end of the month before next month's survey can be completed 
E) a person who has been laid off for 10 weeks and is not looking for a job because he is waiting to be called back to his old job

Question 4

The working-age population is the total number of people

Accepted Answer

A) in the labour force. 
B) in the labour force who are employed. 
C) aged 15 years and over. 
D) in the labour force, aged 15 years and over. 
E) in the labour force, aged 15 years and over, and employed. 
A) in the labour force. 
B) in the labour force who are employed. 
C) aged 15 years and over. 
D) in the labour force, aged 15 years and over. 
E) in the labour force, aged 15 years and over, and employed.

Question 5

In a recession,typically

Accepted Answer

A) unemployment rises. 
B) the employment-to-population ratio decreases. 
C) the employment-to-population rate rises. 
D) the labour force participation rate rises. 
E) both A and B are correct. 
A) unemployment rises. 
B) the employment-to-population ratio decreases. 
C) the employment-to-population rate rises. 
D) the labour force participation rate rises. 
E) both A and B are correct.

Question 6

If the inflation rate is positive,the price level in an economy is

Accepted Answer

A) falling rapidly. 
B) rising. 
C) constant. 
D) falling slowly. 
E) zero. 
A) falling rapidly. 
B) rising. 
C) constant. 
D) falling slowly. 
E) zero.

Question 7

If the inflation rate is negative,the price level in an economy is ________.

Accepted Answer

A) rising rapidly 
B) rising slowly 
C) falling 
D) constant 
E) none of the above 
A) rising rapidly 
B) rising slowly 
C) falling 
D) constant 
E) none of the above

Question 8

Use the table below to answer the following questions.
Table 21.3.1
Suppose a simple economy produces three goods only.
The price and output data for some selected years are shown below.
  
-Refer to Table 21.3.1.The reference base period is 2002.The CPI in 2012 is

Accepted Answer

A) 1,340. 
B) 158. 
C) 100. 
D) 96. 
E) 63. 
A) 1,340. 
B) 158. 
C) 100. 
D) 96. 
E) 63.

Question 9

Use the table below to answer the following questions.
Table 21.2.1
This table shows the answers given by interviewees to the Labour Force Survey
  
-In Table 21.2.1,which person is structurally unemployed?

Accepted Answer

A) A 
B) B 
C) C 
D) D 
E) none of them 
A) A 
B) B 
C) C 
D) D 
E) none of them

Question 10

Complete the following sentence.Full employment

Accepted Answer

A) occurs when all unemployment is cyclical and structural. 
B) occurs when all unemployment is frictional and discouraged. 
C) occurs when there is zero unemployment. 
D) occurs when there is zero frictional unemployment. 
E) occurs when there is zero cyclical unemployment. 
A) occurs when all unemployment is cyclical and structural. 
B) occurs when all unemployment is frictional and discouraged. 
C) occurs when there is zero unemployment. 
D) occurs when there is zero frictional unemployment. 
E) occurs when there is zero cyclical unemployment.

Question 11

The technique used to calculate the CPI implicitly assumes that consumers buy

Accepted Answer

A) relatively more of goods with relative prices that are increasing. 
B) relatively less of goods with relative prices that are decreasing. 
C) the same relative quantities of goods as in a base year. 
D) goods and services whose quality improves at the rate of growth of real GDP. 
E) more computers and CD players and fewer black-and-white TVs. 
A) relatively more of goods with relative prices that are increasing. 
B) relatively less of goods with relative prices that are decreasing. 
C) the same relative quantities of goods as in a base year. 
D) goods and services whose quality improves at the rate of growth of real GDP. 
E) more computers and CD players and fewer black-and-white TVs.

Question 12

In a country with a working-age population of 20 million,13 million are employed,1.5 million are unemployed,and 1 million of the employed are working part-time,half of whom wish to work full-time.The size of the labour force is

Accepted Answer

A) 20 million. 
B) 15.5 million. 
C) 14.5 million. 
D) 13 million. 
E) 11.5 million. 
A) 20 million. 
B) 15.5 million. 
C) 14.5 million. 
D) 13 million. 
E) 11.5 million.

Question 13

Who of the following would be counted as unemployed in Canada?

Accepted Answer

A) Caitlin, who is 14 years old, and looking for a babysitting job. 
B) James, who is a full-time student looking for a part-time job. 
C) Youngmin, who is a part-time hamburger flipper looking for a full-time job. 
D) Emmanuel, who lost his job at the steel plant when an automated assembly line was introduced six months ago, and has been job searching every day. 
E) Vik, who has been staying at home watching "The Old and the Boring" soap opera, and not searching since he was laid off at the flour mill. 
A) Caitlin, who is 14 years old, and looking for a babysitting job. 
B) James, who is a full-time student looking for a part-time job. 
C) Youngmin, who is a part-time hamburger flipper looking for a full-time job. 
D) Emmanuel, who lost his job at the steel plant when an automated assembly line was introduced six months ago, and has been job searching every day. 
E) Vik, who has been staying at home watching "The Old and the Boring" soap opera, and not searching since he was laid off at the flour mill.

Question 14

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The labour force is

Accepted Answer

A) 30 million. 
B) 18 million. 
C) 20 million. 
D) 22 million. 
E) 16 million. 
A) 30 million. 
B) 18 million. 
C) 20 million. 
D) 22 million. 
E) 16 million.

Question 15

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The employment-to-population ratio is

Accepted Answer

A) 73.3 percent. 
B) 66.7 percent. 
C) 60 percent. 
D) 53.3 percent. 
E) none of the above. 
A) 73.3 percent. 
B) 66.7 percent. 
C) 60 percent. 
D) 53.3 percent. 
E) none of the above.

Question 16

Which one of the following people is structurally unemployed?

Accepted Answer

A) a Saskatchewan welder who lost her job when her company relocated to B. C. and is currently looking for a job 
B) a Nova Scotia fishery worker who is searching for a better job closer to home 
C) a steel worker who is laid off but who expects to be called back soon 
D) an office worker who has lost her job because of a general slowdown in economic activity 
E) none of the above 
A) a Saskatchewan welder who lost her job when her company relocated to B. C. and is currently looking for a job 
B) a Nova Scotia fishery worker who is searching for a better job closer to home 
C) a steel worker who is laid off but who expects to be called back soon 
D) an office worker who has lost her job because of a general slowdown in economic activity 
E) none of the above

Question 17

Use the table below to answer the following questions.
Table 21.3.1
Suppose a simple economy produces three goods only.
The price and output data for some selected years are shown below.
  
-Refer to Table 21.3.1.The reference base period is 2002.Which one of the following statements is true?

Accepted Answer

A) From 2002 to 2012, the cost of the market basket rose by 58 percent. 
B) It costs 158 times more in 2012 than it does in 2002 to buy the same market basket. 
C) All prices have risen by the same amount. 
D) The inflation rate in 2012 is greater than the inflation rate in 2002. 
E) The inflation rate in 2002 is greater than the inflation rate in 2012. 
A) From 2002 to 2012, the cost of the market basket rose by 58 percent. 
B) It costs 158 times more in 2012 than it does in 2002 to buy the same market basket. 
C) All prices have risen by the same amount. 
D) The inflation rate in 2012 is greater than the inflation rate in 2002. 
E) The inflation rate in 2002 is greater than the inflation rate in 2012.

Question 18

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The involuntary part-time rate is

Accepted Answer

A) 10 percent. 
B) 5 percent. 
C) 4.8 percent. 
D) 4.5 percent. 
E) none of the above. 
A) 10 percent. 
B) 5 percent. 
C) 4.8 percent. 
D) 4.5 percent. 
E) none of the above.

Question 19

Use the table below to answer the following questions.
Table 21.2.1
This table shows the answers given by interviewees to the Labour Force Survey
  
-In Table 21.2.1,which person is a discouraged worker?

Accepted Answer

A) A 
B) B 
C) C 
D) D 
E) none of them 
A) A 
B) B 
C) C 
D) D 
E) none of them

Question 20

Which of the following is NOT included in the working-age population?

Accepted Answer

A) discouraged workers 
B) involuntary part-time workers 
C) retired workers 
D) students over the age of 15 
E) All of the above are included in the working-age population. 
A) discouraged workers 
B) involuntary part-time workers 
C) retired workers 
D) students over the age of 15 
E) All of the above are included in the working-age population.

Caitlin is working part-time at the Mr.G store,but wants to work full-time.She is

Michael lost his job as a night security guard because he kept falling asleep at the job.Now he is looking for a new job.Michael is

Which one of the following people would be counted as unemployed in Canada?

The working-age population is the total number of people

In a recession,typically

If the inflation rate is positive,the price level in an economy is

If the inflation rate is negative,the price level in an economy is ________.

Use the table below to answer the following questions. Table 21.3.1 Suppose a simple economy produces three goods only. The price and output data for some selected years are shown below. -Refer to Table 21.3.1.The reference base period is 2002.The CPI in 2012 is

Use the table below to answer the following questions. Table 21.2.1 This table shows the answers given by interviewees to the Labour Force Survey -In Table 21.2.1,which person is structurally unemployed?

Complete the following sentence.Full employment

The technique used to calculate the CPI implicitly assumes that consumers buy

In a country with a working-age population of 20 million,13 million are employed,1.5 million are unemployed,and 1 million of the employed are working part-time,half of whom wish to work full-time.The size of the labour force is

Who of the following would be counted as unemployed in Canada?

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The labour force is

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The employment-to-population ratio is

Which one of the following people is structurally unemployed?

Use the table below to answer the following questions. Table 21.3.1 Suppose a simple economy produces three goods only. The price and output data for some selected years are shown below. -Refer to Table 21.3.1.The reference base period is 2002.Which one of the following statements is true?

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The involuntary part-time rate is

Use the table below to answer the following questions. Table 21.2.1 This table shows the answers given by interviewees to the Labour Force Survey -In Table 21.2.1,which person is a discouraged worker?

Which of the following is NOT included in the working-age population?

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Economic Growth

Finance,saving,and Investment

Money,the Price Level,and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers: the Keynesian Model

Canadian Inflation,unemployment,and Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Filters

Exam 21: Monitoring Jobs and Inflation

Caitlin is working part-time at the Mr.G store,but wants to work full-time.She is

Michael lost his job as a night security guard because he kept falling asleep at the job.Now he is looking for a new job.Michael is

Which one of the following people would be counted as unemployed in Canada?

The working-age population is the total number of people

In a recession,typically

If the inflation rate is positive,the price level in an economy is

If the inflation rate is negative,the price level in an economy is ________.

Use the table below to answer the following questions. Table 21.3.1 Suppose a simple economy produces three goods only. The price and output data for some selected years are shown below. -Refer to Table 21.3.1.The reference base period is 2002.The CPI in 2012 is

Use the table below to answer the following questions. Table 21.2.1 This table shows the answers given by interviewees to the Labour Force Survey -In Table 21.2.1,which person is structurally unemployed?

Complete the following sentence.Full employment

The technique used to calculate the CPI implicitly assumes that consumers buy

In a country with a working-age population of 20 million,13 million are employed,1.5 million are unemployed,and 1 million of the employed are working part-time,half of whom wish to work full-time.The size of the labour force is

Who of the following would be counted as unemployed in Canada?

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The labour force is

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The employment-to-population ratio is

Which one of the following people is structurally unemployed?

Use the table below to answer the following questions. Table 21.3.1 Suppose a simple economy produces three goods only. The price and output data for some selected years are shown below. -Refer to Table 21.3.1.The reference base period is 2002.Which one of the following statements is true?

In a country with a working-age population of 30 million,18 million are employed,2 million are unemployed,and 2 million of the employed are working part-time,half of whom wish to work full-time.The involuntary part-time rate is

Use the table below to answer the following questions. Table 21.2.1 This table shows the answers given by interviewees to the Labour Force Survey -In Table 21.2.1,which person is a discouraged worker?

Which of the following is NOT included in the working-age population?

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Economic Growth

Finance,saving,and Investment

Money,the Price Level,and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers: the Keynesian Model

Canadian Inflation,unemployment,and Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Filters