1.Who of the following is not included in the Bureau of Labor Statistics “employed” category? a. those who worked in their own business b. those who worked as unpaid workers in a family member’s business c. those waiting to be recalled to a job from which they had been laid off d. those who were temporarily absent from work because of vacation. ANS: 2.Who of the following are included in the Bureau of Labor Statisties “employed” category? a. certain unpaid workers b. part-time workers c. workers on vacation d. All of the above are correct. ANS: 3.Ava owns her own business. The Bureau of Labor Statistics counts Ava as a. unemployed and in the labor force. b. unemployed and not in the labor force. c. employed and in the labor force. d. employed and not in the labor force. ANS: 4.Unemployment that results because the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one is called a. the natural rate of unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment. ANS: 5.Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called a. the natural rate of unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment. ANS: 6. Which of the following is an explanation for the existence of frictional unemployment? a. efficiency wages b. minimum-wage laws c. unions d. job search ANS:
Ans.1 – C
Ans. 2- D
Ans. 3- C
Ans. 4- A (Natural rate of unemployment is unemployment that
exists when labor market is in equilibrium.)
Ans. 5- D
Ans. 6- D (Frictional unemployment is the unemployment that
exists as a result of individuals shifting between jobs and
searching for new job).
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