Question 1

Approximately how many households does Canada's Labour Force Survey cover each month?

Accepted Answer

D

Question 2

Which of the following groups is included in the Labour Force Survey?

Accepted Answer

Students are included in the Labour Force Survey as they can be part of the labor force if they are working or actively seeking work.

Question 3

The participation rate refers to:

Accepted Answer

The participation rate is the percentage of the population that is either working or actively looking for work.

Question 4

Once surveyed, a household remains a part of the Labour Force Survey for:

Accepted Answer

The answer of Once surveyed, a household remains a part...

Question 5

The unemployment rate refers to:

Accepted Answer

The unemployment rate is calculated as the percentage of the labor force that is without work but actively seeking employment. The labor force includes those who are employed and those who are unemployed but looking for work.

Question 6

The unemployment rate is traditionally the highest for which province?

Accepted Answer

Newfoundland and Labrador traditionally have the highest unemployment rate among Canadian provinces due to its economic reliance on industries like fishing and oil, which can be volatile.

Question 7

In 2005, ____________ had the lowest unemployment rate

Accepted Answer

In 2005, Alberta had the lowest unemployment rate among Canadian provinces, benefiting from a booming oil industry.

Question 8

Which of the following is not a shortcoming of the Labour Force Survey?

Accepted Answer

The Labour Force Survey can account for workers on sick leave as they are typically still considered employed, so this is not a shortcoming of the survey.

Question 9

Which of the following is not a shortcoming of the Labour Force Survey?

Accepted Answer

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

Question 10

For which of the following provinces does the participation rate tend to be the highest?

Accepted Answer

Alberta typically has a high participation rate due to its strong economy and job opportunities, particularly in the oil and gas sector.

Question 11

For which of the following provinces does the participation rate tend to be the lowest?

Accepted Answer

New Brunswick typically has a lower participation rate compared to other provinces due to its smaller population and economic factors.

Question 12

Of all the age groups which one has the highest unemployment rate?

Accepted Answer

The 15-24 age group typically has the highest unemployment rate due to factors like lack of experience, education, and the transition from school to work.

Question 13

Of all the age groups which one has the highest participation rate?

Accepted Answer

The age group 25-44 years typically has the highest participation rate in the labor force due to being in the prime working age range.

Question 14

Which of the following has not led to the increased participation rate of women in the labour force?

Accepted Answer

Men retiring earlier does not directly influence the participation rate of women in the labor force. The other options, such as improvements in household technology, smaller families, and societal attitude changes, have contributed to increased female labor force participation.

Question 15

Discouraged workers are:

Accepted Answer

Discouraged workers are individuals who have stopped looking for work because they believe there are no jobs available for them, thus they are not counted in the labor force.

Question 16

Which of the following is not a type of unemployment?

Accepted Answer

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

Question 17

Underemployment refers to:

Accepted Answer

Underemployment occurs when individuals are working in jobs that do not make full use of their skills, education, or availability, such as working part-time when full-time work is desired or working in a role that does not require their level of expertise.

Question 18

Frictional unemployment refers to a situation in which:

Accepted Answer

Frictional unemployment occurs when people are temporarily unemployed while transitioning between jobs or entering the workforce for the first time.

Question 19

Structural unemployment occurs when:

Accepted Answer

Structural unemployment occurs when unemployed people do not have the required skills to fill job vacancies.

Question 20

Darlene Chandra quit her present job. She left in order to have time to think about a number of Job offers that she has recently received. Darlene Chandra is:

Accepted Answer

Darlene Chandra is frictionally unemployed because she has voluntarily left her job to consider new job offers, which is a typical scenario of frictional unemployment.

Quiz 5: Economic Indicators

Approximately how many households does Canada's Labour Force Survey cover each month?

Which of the following groups is included in the Labour Force Survey?

The participation rate refers to:

Once surveyed, a household remains a part of the Labour Force Survey for:

The unemployment rate refers to:

The unemployment rate is traditionally the highest for which province?

In 2005, ____________ had the lowest unemployment rate

Which of the following is not a shortcoming of the Labour Force Survey?

Which of the following is not a shortcoming of the Labour Force Survey?

For which of the following provinces does the participation rate tend to be the highest?

For which of the following provinces does the participation rate tend to be the lowest?

Of all the age groups which one has the highest unemployment rate?

Of all the age groups which one has the highest participation rate?

Which of the following has not led to the increased participation rate of women in the labour force?

Discouraged workers are:

Which of the following is not a type of unemployment?

Underemployment refers to:

Frictional unemployment refers to a situation in which:

Structural unemployment occurs when:

Darlene Chandra quit her present job. She left in order to have time to think about a number of Job offers that she has recently received. Darlene Chandra is: