Unemployment & the Economy Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Why did the 2008 financial collapse prompt an increase in outsourcing?

Question 2 2. Which of the following things do migrant laborers NOT face in the 21st century?

Question 3 3. Why does outsourcing draw criticism?

Question 4 4. Which of the following is NOT an example of outsourcing?

Question 5 5. Which of the following is NOT an example of seasonal unemployment?

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Question 6 6. Which of the following workers is MOST likely to be classified as structurally unemployed?

Question 7 7. Mary Beth ran a local newspaper business. She found that fewer people were purchasing the local paper since they were able to conveniently access the news online via their computers and smart phones. Mary Beth's business was no longer making a profit, and she was forced to close its doors. This led to people losing their jobs, such as journalists, printers, and newspaper delivery boys. This is an example of _____.

Question 8 8. Why does frictional unemployment occur in the workforce?

Question 9 9. The Bureau of Labor Statistics categorizes an individual as unemployed if they are:

Question 10 10. In December 2016, 155,000 of Mainfield's adult residents were employed while 27,000 were unemployed. What was Mainfield's unemployment rate in December?

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Question 11 11. Which of the following individuals would be counted as unemployed?

Question 12 12. If discouraged workers were actually counted in the unemployment rate:

Question 13 13. During the summer months, teachers:

Question 14 14. Swimming facilities like to hire what kind of people to be lifeguards?

Question 15 15. In which of the following ways can a worker with seasonal unemployment make up for the months in which he is out of a job?

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Question 16 16. Which of the following is an example of a job that has seasonal unemployment?

Question 17 17. Which of the following persons is part of the phantom unemployed?

Question 18 18. How does phantom unemployment affect the economy?

Question 19 19. To get unemployment benefits, what do people need to show?

Question 20 20. In 2011, how much unemployment benefits was paid out by the Labor Department unnecessarily to those who shouldn't have received it?

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Question 21 21. Why do most economists not subscribe to the classical theory of unemployment?

Question 22 22. Economists describe an economy that is at the natural rate of unemployment as _____.

Question 23 23. When actual unemployment falls below the natural rate, that LIKELY results in _____.

Question 24 24. Which of the following individuals is structurally unemployed?

Question 25 25. What is an effect of underemployment?

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Question 26 26. Which is an example of an invisible underemployed worker?

Question 27 27. Underemployed workers are considered to be visible or invisible, which type of underemployed worker has been identified as visible?

Question 28 28. Which is an example of underemployment?

Question 29 29. In which of the following industries has migrant labor long been used?

Question 30 30. Derek was working in construction when the housing bubble burst following the 2008 financial crisis. The demand for new construction declined, and Derek lost his job. This scenario is an example of which type of unemployment?

Unemployment & the Economy Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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