Question 1

Which of the following is a discouraged worker? &#160;&#10;A)&#160;one who is underqualified for his current job&#160;&#10;B)&#160;one who dislikes his current job but is afraid to quit&#160;&#10;C)&#160;one who drops out of the labour force because he CANNOT find a job&#160;&#10;D)&#160;one who quits his job because the possibility of advancement is very low

Accepted Answer

&#160;one who drops out of the labour force because he CANNOT find a job&#160;

Question 2

What is the unemployment rate? &#160;&#10;A)&#160;the percentage of people in the economy who do NOT hold jobs&#160;&#10;B)&#160;the percentage of the people in the labour force who do NOT have a job.&#160;&#10;C)&#160;the number of people in the economy who have given up looking for employment&#160;&#10;D)&#160;the number of people in the labour force without jobs

Accepted Answer

&#160;the percentage of the people in the labour force who do NOT have a job.&#160;

Question 3

Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired.How many people are counted as unemployed? &#160;&#10;A)&#160;10&#160;&#10;B)&#160;15&#160;&#10;C)&#160;40&#160;&#10;D)&#160;90

Accepted Answer

&#160;10&#160;

Question 4

Which of the following explains the labour force participation rate? &#160;&#10;A)&#160;When workers become unemployed, the labour force participation rate declines.&#160;&#10;B)&#160;When the unemployed become discouraged workers, the labour force participation rate declines.&#160;&#10;C)&#160;When workers are NOT fully using their skills, the labour force participation rate decreases.&#160;&#10;D)&#160;Since the 1950s the labour force participation rate of women has decreased in Canada.

Accepted Answer

The answer of Which of the following explains the labour...

Question 5

Who is included in the civilian labour force? &#160;&#10;A)&#160;all people in the economy who are NOT retired&#160;&#10;B)&#160;all people in the economy over 15 years old&#160;&#10;C)&#160;the adults in the economy between 18 and 65 years old who are able to work&#160;&#10;D)&#160;the non-institutionalized population over 15 years old in the economy who hold jobs or are looking for work

Accepted Answer

The answer of Who is included in the civilian labour...

Question 6

Which of the following people would be classified as a discouraged worker? &#160;&#10;A)&#160;a labour force member who has chosen early retirement because he dislikes his work or thinks the pay is too low&#160;&#10;B)&#160;a member of the non-institutional population who says he wants to be employed but is NOT searching for a job&#160;&#10;C)&#160;a member of the labour force who is looking for a job but CANNOT find one&#160;&#10;D)&#160;any member of the population who is NOT working

Accepted Answer

The answer of Which of the following people would be...

Question 7

Which of the following is NOT a cost of unemployment? &#160;&#10;A)&#160;unemployed people who feel emotional or psychological problems&#160;&#10;B)&#160;unemployed people whose job skills diminish as time passes&#160;&#10;C)&#160;lower production potential&#160;&#10;D)&#160;a higher inflation rate

Accepted Answer

The answer of Which of the following is NOT a...

Question 8

Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired.How many people are in the labour force? &#160;&#10;A)&#160;30&#160;&#10;B)&#160;60&#160;&#10;C)&#160;70&#160;&#10;D)&#160;85

Accepted Answer

The answer of Consider an economy made up of 100...

Question 9

Which of the following people would be counted among the unemployed? &#160;&#10;A)&#160;a new college graduate who sells newspaper advertising on a part-time basis while looking for other work&#160;&#10;B)&#160;a new college graduate who sells newspaper advertising on a full-time basis while looking for other work&#160;&#10;C)&#160;a new college graduate who sells newspaper advertising on a part-time basis but is NOT looking for other work&#160;&#10;D)&#160;a new college graduate who is NOT qualified for any of the jobs available in his small town

Accepted Answer

The answer of Which of the following people would be...

Question 10

Which of the following people would be counted in the labour force? &#160;&#10;A)&#160;Chou, who lost his job and last looked for work three months ago&#160;&#10;B)&#160;Stephanie, who holds a Ph.D. in history, but can find only part-time employment at a fast-food restaurant&#160;&#10;C)&#160;Jordan, who would like to work as a stockbroker but is now a househusband&#160;&#10;D)&#160;Steffan, who thinks he could easily earn $100,000 per year, despite the opinion of the psychiatrist at the hospital where he is a resident patient

Accepted Answer

The answer of Which of the following people would be...

Question 11

Which of the following is a criterion in determining which unemployed individuals are included in the official unemployment rate? &#160;&#10;A)&#160;The unemployed person has previously held a job.&#160;&#10;B)&#160;The unemployed person is actively seeking employment.&#160;&#10;C)&#160;The unemployed person must be willing to accept a reasonable job offer.&#160;&#10;D)&#160;The unemployed person must be willing to accept any job offer.

Accepted Answer

The answer of Which of the following is a criterion...

Question 12

Which of the following people would be counted as unemployed? &#160;&#10;A)&#160;a completely retired naval officer&#160;&#10;B)&#160;a full-time high-school student who does NOT have time for a job&#160;&#10;C)&#160;a father of preschool children who does NOT want to work&#160;&#10;D)&#160;a downhill ski instructor who looks for work only during the winter

Accepted Answer

The answer of Which of the following people would be...

Question 13

Suppose U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults NOT in the labour force.Which expression would equal the labour force participation rate?

A) E/(U + E)
B) U/(U + E + NLF)
C) E/(U + E + NLF)
D) (U + E)/(U + E + NLF)

Accepted Answer

The answer of Suppose U = the number of adults...

Question 14

Which of the following is NOT a way for a worker to become officially unemployed? &#160;&#10;A)&#160;A worker quits his job to look for a better job in another part of the country.&#160;&#10;B)&#160;A worker is fired from his job.&#160;&#10;C)&#160;A worker begins looking for a job after being out of the labour force for five years.&#160;&#10;D)&#160;A worker retires.

Accepted Answer

The answer of Which of the following is NOT a...

Question 15

When does the unemployment rate increase? &#160;&#10;A)&#160;It increases whenever the number of persons classified as unemployed increases.&#160;&#10;B)&#160;It increases whenever the number of unemployed increases relative to the size of the labour force.&#160;&#10;C)&#160;It increases whenever the size of the labour force decreases.&#160;&#10;D)&#160;It increases whenever the size of the labour force decreases and the number of unemployed decreases.

Accepted Answer

The answer of When does the unemployment rate increase? &#160;&#10;A)&#160;It...

Question 16

Suppose that top government officials claim that &#34;more people are working now than ever before.&#34; What does this mean? &#160;&#10;A)&#160;The unemployment rate is lower now than ever before.&#160;&#10;B)&#160;The number of unemployed people is lower now than ever before.&#160;&#10;C)&#160;The number of people in the labour force is higher now than ever before.&#160;&#10;D)&#160;The number of employed people is higher now than ever before.

Accepted Answer

The answer of Suppose that top government officials claim that...

Question 17

Which of the following is NOT a cost of unemployment? &#160;&#10;A)&#160;unemployed people who feel a loss of self-respect&#160;&#10;B)&#160;wasted resources&#160;&#10;C)&#160;unemployed people who experience negative psychological effects&#160;&#10;D)&#160;higher inflation rates

Accepted Answer

The answer of Which of the following is NOT a...

Question 18

Consider an economy with an adult population of 100, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired.What is the labour force participation rate? &#160;&#10;A)&#160;10 percent&#160;&#10;B)&#160;40 percent&#160;&#10;C)&#160;50 percent&#160;&#10;D)&#160;60 percent

Accepted Answer

The answer of Consider an economy with an adult population...

Question 19

Suppose U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults NOT in the labour force.Which expression would equal the labour force participation rate?

A) E/(U + E)
B) U/(U + E + NLF)
C) E/(U + E + NLF)
D) (U + E)/(U + E + NLF)

Accepted Answer

The answer of Suppose U = the number of adults...

Question 20

Suppose the official unemployment rate is 10 percent.Which of the following can be concluded without question? &#160;&#10;A)&#160;The same 10 percent of the people in the economy were out of work for the entire year.&#160;&#10;B)&#160;One of every ten people in the labour force is currently unemployed.&#160;&#10;C)&#160;The same 10 percent of the people in the labour force were out of work for the entire year.&#160;&#10;D)&#160;Every person in the labour force was out of work for 10 percent of the year.

Accepted Answer

The answer of Suppose the official unemployment rate is 10...

Question 21

What does an unemployment rate decrease mean? &#160;&#10;A)&#160;The number of persons classified as unemployed increases.&#160;&#10;B)&#160;The number of unemployed decreases relative to the size of the labour force.&#160;&#10;C)&#160;The size of the population decreases and the number of persons classified as employed remains the same.&#160;&#10;D)&#160;The size of the labour force decreases.

Accepted Answer

The answer of What does an unemployment rate decrease mean?...

Question 22

What does frictional unemployment refer to? &#160;&#10;A)&#160;unemployment that results from a mismatch of skills&#160;&#10;B)&#160;unemployment that results from taking the time to find the best job&#160;&#10;C)&#160;unemployment that results from seasonal decreases in demand for labour&#160;&#10;D)&#160;unemployment that results from a recession in the economy

Accepted Answer

The answer of What does frictional unemployment refer to? &#160;&#10;A)&#160;unemployment...

Question 23

Which metropolitan area in Canada had the lowest unemployment rate in 2015? &#160;&#10;A)&#160;Windsor, Ontario&#160;&#10;B)&#160;Saint John, New Brunswick&#160;&#10;C)&#160;Sherbrooke, Quebec&#160;&#10;D)&#160;Kelowna, British Columbia

Accepted Answer

The answer of Which metropolitan area in Canada had the...

Question 24

How is the labour force participation rate calculated? &#160;&#10;A)&#160;the number of people employed divided by the adult population&#160;&#10;B)&#160;the number of people employed divided by the number of people in the labour force&#160;&#10;C)&#160;the number of people in the labour force divided by the adult population&#160;&#10;D)&#160;the number of people unemployed divided by the number of people in the labour force

Accepted Answer

The answer of How is the labour force participation rate...

Question 25

What type of unemployment is a professional ski instructor in Canada most likely to experience? &#160;&#10;A)&#160;frictional unemployment&#160;&#10;B)&#160;structural unemployment&#160;&#10;C)&#160;seasonal unemployment&#160;&#10;D)&#160;cyclical unemployment

Accepted Answer

The answer of What type of unemployment is a professional...

Question 26

Suppose that Danny, who has a Ph.D.in physics, is employed in a pizza restaurant because that is the only work he can find.In terms of employment, how would Danny be classified? &#160;&#10;A)&#160;as a discouraged worker&#160;&#10;B)&#160;as underemployed&#160;&#10;C)&#160;as NOT in the labour force&#160;&#10;D)&#160;as unemployed

Accepted Answer

The answer of Suppose that Danny, who has a Ph.D.in...

Question 27

Sharon was being treated unfairly by her boss, so she stormed off the job and two weeks later she found another position.What type of unemployment did Sharon experience for those two weeks? &#160;&#10;A)&#160;cyclical&#160;&#10;B)&#160;structural&#160;&#10;C)&#160;seasonal&#160;&#10;D)&#160;frictional

Accepted Answer

The answer of Sharon was being treated unfairly by her...

Question 28

Which one of the following categories of workers has a high unemployment rate? &#160;&#10;A)&#160;professionals in general&#160;&#10;B)&#160;attorneys&#160;&#10;C)&#160;technical workers in general&#160;&#10;D)&#160;auto workers

Accepted Answer

The answer of Which one of the following categories of...

Question 29

Generally, the unemployment rate rises during a contraction.How is the unemployment rate generally affected during an expansion? &#160;&#10;A)&#160;It rises.&#160;&#10;B)&#160;It falls.&#160;&#10;C)&#160;It first rises, and then falls.&#160;&#10;D)&#160;It stays the same.

Accepted Answer

The answer of Generally, the unemployment rate rises during a...

Question 30

Which of the following people would be classified as unemployed? &#160;&#10;A)&#160;a person who wants a job as a fashion model but CANNOT find work in that field&#160;&#10;B)&#160;someone who quits a part-time job to attend school full time&#160;&#10;C)&#160;someone who gives up looking for a job&#160;&#10;D)&#160;a person who works part time and would rather work full time

Accepted Answer

The answer of Which of the following people would be...

Question 31

Juanita earned a B.A.Sc.in engineering and went to work for a defence contractor.When the government cut spending, Juanita and 99 others were laid off.The only other business in the town is a grape-growing firm, but the firm refuses to hire laid-off engineers, knowing they will leave at the first opportunity.What type of unemployment is Juanita experiencing?

A) cyclical
B) structural
C) seasonal
D) frictional

Accepted Answer

The answer of Juanita earned a B.A.Sc.in engineering and went...

Question 32

The only job Justin ever holds is preparing income tax forms at H&R Block from January 2 to April 15 each year.In March, while he is still working, he sends his resume to prospective employers.In March, what would Justin be counted as?

A) cyclically unemployed
B) structurally unemployed
C) frictionally unemployed
D) part of the labour force

Accepted Answer

The answer of The only job Justin ever holds is...

Question 33

How have the male and female labour force participation rates been affected since World War II? &#160;&#10;A)&#160;The rate for males has increased and the rate for females has increased.&#160;&#10;B)&#160;The rate for males has decreased and the rate for females has decreased.&#160;&#10;C)&#160;The rate for males has increased and the rate for females has decreased.&#160;&#10;D)&#160;The rate for males has decreased and the rate for females has increased.

Accepted Answer

The answer of How have the male and female labour...

Question 34

Which of the following characterizes the labour force participation rate for women in Canada? &#160;&#10;A)&#160;It has fluctuated substantially both upward and downward since the 1950s.&#160;&#10;B)&#160;It has increased significantly since the 1950s.&#160;&#10;C)&#160;It has increased only very slightly since the 1950s.&#160;&#10;D)&#160;It has stayed the same over the last 30 years.

Accepted Answer

The answer of Which of the following characterizes the labour...

Question 35

Which of the following describes the labour force participation rates in Canada since the 1950s? &#160;&#10;A)&#160;The rate for men has risen and the rate for women has risen.&#160;&#10;B)&#160;The rate for women has fallen and the rate for men has risen.&#160;&#10;C)&#160;The rate for men has fallen and the rate for women has increased.&#160;&#10;D)&#160;The rate for men has fallen and the rate for women has fallen.

Accepted Answer

The answer of Which of the following describes the labour...

Question 36

Suppose Kevin, who is an accountant, lost his job in the last recession but gave up looking for work after 12 months of unsuccessful job searching.In terms of employment, how would Kevin be classified?

A) as a discouraged worker
B) as underemployed
C) as employed
D) as unemployed

Accepted Answer

The answer of Suppose Kevin, who is an accountant, lost...

Question 37

Suppose Rita is a recent college graduate who is still looking for her first job.In terms of employment, how would Rita be classified? &#160;&#10;A)&#160;as a discouraged worker&#160;&#10;B)&#160;as underemployed&#160;&#10;C)&#160;as unemployed&#160;&#10;D)&#160;as NOT in the labour force

Accepted Answer

The answer of Suppose Rita is a recent college graduate...

Question 38

Which of the following best describes what has occurred in Canada's labour force since World War II? &#160;&#10;A)&#160;The civilian labour force has decreased.&#160;&#10;B)&#160;The number of unemployed persons has decreased.&#160;&#10;C)&#160;The number of employed persons has decreased.&#160;&#10;D)&#160;The labour force participation rate of women has increased.

Accepted Answer

The answer of Which of the following best describes what...

Question 39

Greg recently graduated from law school.Although Greg looked for a job last week, he has NOT found one.Which of the following terms describes Greg? &#160;&#10;A)&#160;frictionally unemployed&#160;&#10;B)&#160;structurally unemployed&#160;&#10;C)&#160;seasonally unemployed&#160;&#10;D)&#160;a discouraged worker

Accepted Answer

The answer of Greg recently graduated from law school.Although Greg...

Question 40

Which term refers to workers who are overqualified for their current jobs or can find only part-time work? &#160;&#10;A)&#160;unemployed&#160;&#10;B)&#160;discouraged workers&#160;&#10;C)&#160;NOT in the labour force&#160;&#10;D)&#160;underemployed

Accepted Answer

The answer of Which term refers to workers who are...

Question 41

Which of the following is most likely to reduce structural unemployment? &#160;&#10;A)&#160;a reduction in wage rates&#160;&#10;B)&#160;increasing efficiency of the job search by providing applicants with better information about local job openings&#160;&#10;C)&#160;retraining workers in marketable skills&#160;&#10;D)&#160;reducing the cost of job loss through enhanced unemployment compensation

Accepted Answer

The answer of Which of the following is most likely...

Question 42

What type of unemployment is the hardest to reduce? &#160;&#10;A)&#160;cyclical&#160;&#10;B)&#160;structural&#160;&#10;C)&#160;voluntary&#160;&#10;D)&#160;involuntary

Accepted Answer

The answer of What type of unemployment is the hardest...

Question 43

In which of the following industries are workers least likely to suffer from cyclical unemployment? &#160;&#10;A)&#160;new home construction&#160;&#10;B)&#160;automobile manufacturing&#160;&#10;C)&#160;carpet installation&#160;&#10;D)&#160;education

Accepted Answer

The answer of In which of the following industries are...

Question 44

What does seasonal unemployment refer to? &#160;&#10;A)&#160;unemployment that results from a mismatch of skills&#160;&#10;B)&#160;unemployment that results from taking the time to find the best job&#160;&#10;C)&#160;unemployment that results from decreases in demand for labour at particular times of the year&#160;&#10;D)&#160;unemployment that results from a recession in the economy

Accepted Answer

The answer of What does seasonal unemployment refer to? &#160;&#10;A)&#160;unemployment...

Question 45

What does cyclical unemployment result from? &#160;&#10;A)&#160;a mismatch of skills&#160;&#10;B)&#160;taking the time to find the best job&#160;&#10;C)&#160;seasonal decreases in demand for labour&#160;&#10;D)&#160;a recession in the economy

Accepted Answer

The answer of What does cyclical unemployment result from? &#160;&#10;A)&#160;a...

Question 46

What type of unemployment arises from mismatch of skills? &#160;&#10;A)&#160;frictional&#160;&#10;B)&#160;structural&#160;&#10;C)&#160;seasonal&#160;&#10;D)&#160;cyclical

Accepted Answer

The answer of What type of unemployment arises from mismatch...

Question 47

Which of the following is a cause of seasonal unemployment? &#160;&#10;A)&#160;people having unrealistic expectations about the availability of employment&#160;&#10;B)&#160;people being in the wrong geographical location&#160;&#10;C)&#160;people taking a long time to find the best job&#160;&#10;D)&#160;firms having decreased demand for labour at certain times of the year

Accepted Answer

The answer of Which of the following is a cause...

Question 48

What does structural unemployment result from? &#160;&#10;A)&#160;a mismatch of skills&#160;&#10;B)&#160;monetary cost and the time it takes to find the best job&#160;&#10;C)&#160;seasonal decreases in demand for labour&#160;&#10;D)&#160;prolonged declines in business activity

Accepted Answer

The answer of What does structural unemployment result from? &#160;&#10;A)&#160;a...

Question 49

What does structural unemployment refer to? &#160;&#10;A)&#160;unemployment that results from being in the wrong geographical location&#160;&#10;B)&#160;unemployment that results from taking the time to find the best job&#160;&#10;C)&#160;unemployment that results from seasonal decreases in demand for labour&#160;&#10;D)&#160;unemployment that results from a recession in the economy

Accepted Answer

The answer of What does structural unemployment refer to? &#160;&#10;A)&#160;unemployment...

Question 50

What type of unemployment is most likely to help the economy become more efficient? &#160;&#10;A)&#160;cyclical&#160;&#10;B)&#160;structural&#160;&#10;C)&#160;seasonal&#160;&#10;D)&#160;frictional

Accepted Answer

The answer of What type of unemployment is most likely...

Question 51

Jamal lost his job as a shipbuilder.The shipyard closed and never reopened, and so his very specialized skills were no longer in demand.What type of unemployment did Jamal experience? &#160;&#10;A)&#160;cyclical&#160;&#10;B)&#160;structural&#160;&#10;C)&#160;seasonal&#160;&#10;D)&#160;frictional

Accepted Answer

The answer of Jamal lost his job as a shipbuilder.The...

Question 52

Which type of unemployment is NOT included in Canada's official monthly unemployment figures? &#160;&#10;A)&#160;cyclical&#160;&#10;B)&#160;structural&#160;&#10;C)&#160;seasonal&#160;&#10;D)&#160;frictional

Accepted Answer

The answer of Which type of unemployment is NOT included...

Question 53

Jacqueline, a brilliant new Ph.D.in economics, has turned down many job offers because she hopes eventually to teach at one of the top ten universities in her field.What type of unemployment is she experiencing? &#160;&#10;A)&#160;frictional&#160;&#10;B)&#160;structural&#160;&#10;C)&#160;seasonal&#160;&#10;D)&#160;cyclical

Accepted Answer

The answer of Jacqueline, a brilliant new Ph.D.in economics, has...

Question 54

Suppose the official unemployment rate increases due to a downturn in the overall economy.What type of unemployment would be responsible for this increase? &#160;&#10;A)&#160;seasonal&#160;&#10;B)&#160;cyclical&#160;&#10;C)&#160;structural&#160;&#10;D)&#160;frictional

Accepted Answer

The answer of Suppose the official unemployment rate increases due...

Question 55

What is the term for workers who are temporarily unemployed but who normally find jobs quickly? &#160;&#10;A)&#160;frictionally unemployed&#160;&#10;B)&#160;cyclically unemployed&#160;&#10;C)&#160;seasonally unemployed&#160;&#10;D)&#160;structurally unemployed

Accepted Answer

The answer of What is the term for workers who...

Question 56

What type of unemployment was experienced by most unemployed workers in Canada during the Great Depression? &#160;&#10;A)&#160;cyclical&#160;&#10;B)&#160;structural&#160;&#10;C)&#160;seasonal&#160;&#10;D)&#160;frictional

Accepted Answer

The answer of What type of unemployment was experienced by...

Question 57

Suppose Janice is laid off from her office job because new technology has reduced the need for staff to handle customer-service inquiries.What type of unemployment is Janice experiencing? &#160;&#10;A)&#160;seasonal&#160;&#10;B)&#160;cyclical&#160;&#10;C)&#160;structural&#160;&#10;D)&#160;frictional

Accepted Answer

The answer of Suppose Janice is laid off from her...

Question 58

What does cyclical unemployment result from? &#160;&#10;A)&#160;a mismatch of skills&#160;&#10;B)&#160;monetary cost and the time it takes to find the best job&#160;&#10;C)&#160;seasonal decreases in demand for labour&#160;&#10;D)&#160;prolonged declines in business activity

Accepted Answer

The answer of What does cyclical unemployment result from? &#160;&#10;A)&#160;a...

Question 59

Suppose the official unemployment rate in March is higher than the February level because of sluggish sales in the auto industry.What type of unemployment would be responsible for this increase? &#160;&#10;A)&#160;seasonal&#160;&#10;B)&#160;cyclical&#160;&#10;C)&#160;structural&#160;&#10;D)&#160;frictional

Accepted Answer

The answer of Suppose the official unemployment rate in March...

Question 60

Suppose the official unemployment rate in January is higher than the December level because the Christmas shopping rush is over.What type of unemployment would be responsible for this increase? &#160;&#10;A)&#160;seasonal&#160;&#10;B)&#160;cyclical&#160;&#10;C)&#160;structural&#160;&#10;D)&#160;frictional

Accepted Answer

The answer of Suppose the official unemployment rate in January...

Question 61

The official unemployment rate would be higher if it included the existence of hidden unemployment.Who falls into this category? &#160;&#10;A)&#160;people who are on unemployment compensation&#160;&#10;B)&#160;people who work part time but prefer full-time work&#160;&#10;C)&#160;people who have voluntarily retired&#160;&#10;D)&#160;people who are unemployed but are looking for work

Accepted Answer

The answer of The official unemployment rate would be higher...

Question 62

Suppose tastes and preferences change.As a result, newspaper journalists are laid off.What type of unemployment would this be classified as? &#160;&#10;A)&#160;structural unemployment&#160;&#10;B)&#160;frictional unemployment&#160;&#10;C)&#160;seasonal unemployment&#160;&#10;D)&#160;cyclical unemployment

Accepted Answer

The answer of Suppose tastes and preferences change.As a result,...

Question 63

What type of unemployment is likely to increase the most during a recession? &#160;&#10;A)&#160;frictional unemployment&#160;&#10;B)&#160;seasonal unemployment&#160;&#10;C)&#160;structural unemployment&#160;&#10;D)&#160;cyclical unemployment

Accepted Answer

The answer of What type of unemployment is likely to...

Question 64

Suppose unemployment benefits are increased.Which of the following is the most likely outcome of the increase? &#160;&#10;A)&#160;An unemployed person will have less incentive to look for work.&#160;&#10;B)&#160;The direct cost of being unemployed will increase.&#160;&#10;C)&#160;The need to accept the first available job after becoming unemployed will increase.&#160;&#10;D)&#160;It will be more difficult for an unemployed person to take a longer time to search for a job most appropriate to his skill level.

Accepted Answer

The answer of Suppose unemployment benefits are increased.Which of the...

Deck 7: Unemployment and Inflation