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# Unemployment practice problem.pdf

3 Pages
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School
McMaster University
Department
Economics
Course
ECON 1BB3
Professor
Bridget O' Shaughnessy
Semester
Winter

Description
Chapter 28 Unemployment Practice Test Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. Who would be included in the labor force? a. Bruce, a full-time student not looking for work b. Holly, an unpaid homemaker c. Dave, who does not have a job, but is looking for work d. None of the above are included in the labor force. ____ 2. Who would be included in the labor force? a. Karen, who works most of the week in a steel factory b. Beth, who is waiting for her new job at the bank to start c. Dave, who does not have a job, but is looking for work d. All of the above are included in the labor force. ____ 3. Rick loses his job and immediately begins looking for another. Ceteris paribus, a. the unemployment rate is unaffected, and the labor-force participation rate increases. b. the unemployment rate decreases, and the labor-force participation rate is unaffected. c. the unemployment rate increases, and the labor-force participation rate decreases. d. the unemployment rate increases, and the labor-force participation rate is unaffected. ____ 4. Which of the following correctly lists teenage groups in order of unemployment rates from highest to lowest? a. black females, white females, white males. b. black females, white males, white females. c. white males, black females, white females. d. white males, white females, black females. ____ 5. Some people are counted as out of the labor force because they make no serious effort to look for work. However, some of these people may want to work even though they are too discouraged to make serious effort to look for work. If these persons were counted as unemployed instead of out of the labor force, a. both the unemployment rate and labor-force participation rate would be higher. b. the unemployment rate would be higher and the labor-force participation rate would be lower. c. the unemployment rate would be lower and the labor-force participation rate would be higher. d. None of the above are correct. ____ 6. Which of the following is correct? a. Short-term unemployment is a more serious problem than long-term unemployment. b. Most spells of unemployment are short term. c. Most unemployed persons have been unemployed a long time. d. None of the above are correct. ____ 7. Which of the following is not a reason actual labor markets
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