Question 1

Integrative Questions
Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Arrelo is temporarily laid off from her technical support job because of a strike by production workers.
Schurita graduated from college in May and is currently looking for a job.
Bo quit his job on September 1 and then, after looking for a new job, will begin his new job on October 1.
Terri retired from his job on May 1.
Vicki works part-time at Bainen Press to help pay her college tuition.
-Vicki would be classified as

Accepted Answer

The answer of Integrative Questions
Consider the following people:
Chris quits his...

Question 2

What are the reasons some people choose to be part-time workers?

Accepted Answer

The answer of What are the reasons some people choose...

Question 3

If the Federal government expands its support of education and retraining of workers who have been unemployed for a relatively long length of time, which type of unemployment would the education and retraining most likely be targeted?

Accepted Answer

Education and retraining programs are typically targeted towards addressing structural unemployment, which occurs when workers' skills and qualifications are no longer in demand by employers due to changes in the economy or technology. By providing education and training opportunities, the government can help workers acquire new skills that are in demand by employers and increase their chances of finding employment. This can also help to reduce the overall level of structural unemployment in the economy.

Question 4

When the unemployment rate equals the natural unemployment rate, most likely the economy is producing

Accepted Answer

The answer of When the unemployment rate equals the natural...

Question 5

Define the unemployment rate and labor-force participation rate.Discuss the differences between these two rates.

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The answer of Define the unemployment rate and labor-force participation...

Question 6

The unemployment rate is 6 percent.If the population is 300 million, and the number unemployed is 6 million and the number employed is 94 million, what is the size of the labor force?

Accepted Answer

The answer of The unemployment rate is 6 percent.If the...

Question 7

Integrative Questions
Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Arrelo is temporarily laid off from her technical support job because of a strike by production workers.
Schurita graduated from college in May and is currently looking for a job.
Bo quit his job on September 1 and then, after looking for a new job, will begin his new job on October 1.
Terri retired from his job on May 1.
Vicki works part-time at Bainen Press to help pay her college tuition.
-Chris would be classified as

Accepted Answer

The answer of Integrative Questions
Consider the following people:
Chris quits his...

Question 8

Suppose people decide to buy fewer GE stoves.If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results?

Accepted Answer

The answer of Suppose people decide to buy fewer GE...

Question 9

Integrative Questions
Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Arrelo is temporarily laid off from her technical support job because of a strike by production workers.
Schurita graduated from college in May and is currently looking for a job.
Bo quit his job on September 1 and then, after looking for a new job, will begin his new job on October 1.
Terri retired from his job on May 1.
Vicki works part-time at Bainen Press to help pay her college tuition.
-Bo's actions would

Accepted Answer

The answer of Integrative Questions
Consider the following people:
Chris quits his...

Question 10

Producing an amount of GDP equal to potential GDP is most consistent with the economy producing

Accepted Answer

The answer of Producing an amount of GDP equal to...

Question 11

Integrative Questions
Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Arrelo is temporarily laid off from her technical support job because of a strike by production workers.
Schurita graduated from college in May and is currently looking for a job.
Bo quit his job on September 1 and then, after looking for a new job, will begin his new job on October 1.
Terri retired from his job on May 1.
Vicki works part-time at Bainen Press to help pay her college tuition.
-Arrelo would be classified as

Accepted Answer

Arrelo was temporarily laid off from her job due to a strike by production workers, so she would be classified as a job loser.

Question 12

How does the Current Population Survey determine if a person should be counted in the labor force?

Accepted Answer

The answer of How does the Current Population Survey determine...

Question 13

What is a "marginally attached worker"?

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The answer of What is a "marginally attached worker"?...

Question 14

During the Great Depression of the 1930s when the unemployment rate was exceptionally high due to the Great Depression, the government had employment programs, such as the Civilian Conservation Corps, which built campsites and planted trees.These programs were aimed at reducing which type of unemployment?

Accepted Answer

These programs were aimed at reducing cyclical unemployment, which is caused by economic downturns like the Great Depression.

Question 15

Suppose that the population is 275 million.Also assume that the labor force is 135 million and that 130 million people are employed.Calculate the unemployment rate.

Accepted Answer

The answer of Suppose that the population is 275 million.Also...

Question 16

Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, the labor force participation rate is 80 percent and the working-age population is 500 million people.What number of people are unemployed?

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The answer of Suppose the current unemployment rate is 5...

Question 17

What is the definition of the unemployment rate?
 How are part-time workers and discouraged workers treated when calculating the unemployment rate?

Accepted Answer

The answer of What is the definition of the unemployment...

Question 18

Integrative Questions
Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Arrelo is temporarily laid off from her technical support job because of a strike by production workers.
Schurita graduated from college in May and is currently looking for a job.
Bo quit his job on September 1 and then, after looking for a new job, will begin his new job on October 1.
Terri retired from his job on May 1.
Vicki works part-time at Bainen Press to help pay her college tuition.
-Terri would be classified as ________ for April and as ________ in May.

Accepted Answer

Terri was employed in April and then retired in May, making him a job leaver.

Question 19

After the passage of the North American Free Trade Agreement, which made it less expensive to import goods from Mexico, workers in some industries found their factories being relocated to Mexico to take advantage of lower labor costs.These workers experienced what type of unemployment?

Accepted Answer

The relocation of factories due to the increased availability of cheaper labor in another country is an example of structural unemployment, which involves a mismatch of skills and job opportunities in a changing economy.

Question 20

Integrative Questions
Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Arrelo is temporarily laid off from her technical support job because of a strike by production workers.
Schurita graduated from college in May and is currently looking for a job.
Bo quit his job on September 1 and then, after looking for a new job, will begin his new job on October 1.
Terri retired from his job on May 1.
Vicki works part-time at Bainen Press to help pay her college tuition.
-Schurita would be classified as

Accepted Answer

Schurita is a recent graduate who is actively looking for employment, making her an entrant in the labor force.

Quiz 6: Jobs and Unemployment

What are the reasons some people choose to be part-time workers?

If the Federal government expands its support of education and retraining of workers who have been unemployed for a relatively long length of time, which type of unemployment would the education and retraining most likely be targeted?

When the unemployment rate equals the natural unemployment rate, most likely the economy is producing

Define the unemployment rate and labor-force participation rate.Discuss the differences between these two rates.

The unemployment rate is 6 percent.If the population is 300 million, and the number unemployed is 6 million and the number employed is 94 million, what is the size of the labor force?

Suppose people decide to buy fewer GE stoves.If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results?

Producing an amount of GDP equal to potential GDP is most consistent with the economy producing

How does the Current Population Survey determine if a person should be counted in the labor force?

What is a "marginally attached worker"?

Suppose that the population is 275 million.Also assume that the labor force is 135 million and that 130 million people are employed.Calculate the unemployment rate.

Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, the labor force participation rate is 80 percent and the working-age population is 500 million people.What number of people are unemployed?

What is the definition of the unemployment rate? How are part-time workers and discouraged workers treated when calculating the unemployment rate?

After the passage of the North American Free Trade Agreement, which made it less expensive to import goods from Mexico, workers in some industries found their factories being relocated to Mexico to take advantage of lower labor costs.These workers experienced what type of unemployment?