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UNEMPLOYMENT Question

questions for revision of the unemployment chapter

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Nguyễn Hà Anh
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13 views4 pages

UNEMPLOYMENT Question

questions for revision of the unemployment chapter

Uploaded by

Nguyễn Hà Anh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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UNEMPLOYMENT CHAPTER

The table below shows labor market statistics for a nation.

Number of Workers Structurally Unemployed 3 million


Number of Workers Cyclically Unemployed 4 million
Number of Workers Frictionally Unemployed 2 million
Number of Workers Officially Classified as Employed 91 million
Working-age Population 150 million

1. What is the nation’s unemployment rate?


(A)
(B)
(C)
(D)
(E)

2. Alice, who has left her job in New York, is moving to Atlanta and looking for a job. In terms of employment status,
Alice can most accurately be described as
(A) involuntarily unemployed
(B) cyclically unemployed
(C) seasonally unemployed
(D) frictionally unemployed
(E) not in the labor force

3.

The table above gives population and labor-market data for an economy. The unemployment rate in this economy is
Unemployment

(A) 3.3%
(B) 5%
(C) 10%
(D) 33.3%
(E) 50%

4. Which of the following individuals is classified as unemployed?


(A) A fifteen-year-old high school student who is looking for a babysitting job
(B) A laid-off computer programmer who has given up looking for a new job
(C) A parent who works in an after-school day care center for 15 hours a week
(D) A recent college graduate who is looking for her first job
(E) A mayor who lost an election and retired

5. Which of the following is an example of frictional unemployment?


(A) A former mayor doing volunteer work
(B) A factory worker who loses her job because of recession
(C) A college student working part-time at the campus bookstore
(D) A college graduate interviewing for two available positions
(E) An architect whose job is replaced by computer software that designs buildings

6. Ying has just graduated from college and is now interviewing for jobs. Ying would best be described as
(A) cyclically unemployed
(B) frictionally unemployed
(C) structurally unemployed
(D) not in the labor force
(E) a discouraged worker

7. Which of the following types of unemployment is caused by a recession?


(A) Hidden
(B) Frictional
(C) Seasonal
(D) Structural
(E) Cyclical

8. Which of the following unemployed individuals represents frictional unemployment?


Unemployment

(A) Marissa, a full-time student who plays on the school’s soccer team.
(B) Janet, an accounting graduate who is interviewing with a number of accounting firms.
(C) Sameer, a retired faculty member who volunteers at the local hospital.
(D) Jeremy, a customer service representative who was laid-off after his job was automated.
(E) Elizabeth, a financial analyst who was laid off because of the recession.

9. Frictional unemployment occurs when which of the following happens?


(A) A worker is replaced by robots on factory assembly lines.
(B) A worker voluntarily quits a job to search for a better one.
(C) A worker is laid off because of a downturn in economic activity.
(D) A worker undergoes on-the-job training.
(E) A worker switches from working full-time to part-time.

10. Which of the following best describes an economy at full employment?


(A) The rate of unemployment is zero.
(B) There is only structural and cyclical unemployment.
(C) There is only cyclical unemployment.
(D) There is cyclical, but not structural, unemployment.
(E) There is frictional, but not cyclical, unemployment.

11. Which of the following individuals is considered officially unemployed?


(A) Chris, who has not worked for more than three years and has given up looking for work
(B) Kim, who is going to school full-time and is waiting until graduation before looking for a job
(C) Pat, who recently left a job to look for a different job in another town
(D) Leslie, who retired after turning 65 only five months ago
(E) Lee, who is working 20 hours per week and is seeking full-time employment

12. Melanie quits her job to look for a better one that has opportunity for advancement. Melanie will be classified in
which category of unemployment?
(A) Frictional
(B) Hidden
(C) Seasonal
(D) Structural
(E) Cyclical

13. The natural rate of unemployment can be defined as the


Unemployment

(A) unemployment rate consistent with accelerating inflation


(B) unemployment rate of the least-skilled workers
(C) economy’s long-run equilibrium rate of unemployment
(D) labor force participation rate plus the unemployment rate
(E) labor force participation rate minus the unemployment rate

14. Olivia volunteers full time at an animal shelter and will not accept any offers for a paid job for the next six months.
Olivia is
(A) cyclically unemployed
(B) not in the labor force
(C) employed
(D) structurally unemployed
(E) a seasonal worker

15. Which type of unemployment would increase if workers lost their jobs because of a recession?
(A) Cyclical
(B) Frictional
(C) Seasonal
(D) Search
(E) Structural

16. Which of the following is an example of frictional unemployment?


(A) A person quits a job to search for another job.
(B) A person lacks the skills to fill any of the available jobs.
(C) A person loses a job because of a recession.
(D) A person retires from the workforce.
(E) An unemployed person stops looking for a job.

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