Unemployment Fundamentals Quiz

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Learn about unemployment concepts.

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Hasan Khouly

Emiratos Árabes Unidos

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Unemployment Fundamentals Quiz


Unemployment Fundamentals QuizVersión en línea Learn about unemployment concepts. por Hasan Khouly 1 What is unemployment in economic terms? a People who are able and willing to work but do not have a paid job. b A measure of inflation c People not looking for work d People employed part-time 2 Frictional unemployment refers to? a Long-term joblessness due to layoffs b Short-term unemployment as workers move between jobs. c Unemployment from structural changes in technology d Unemployment caused by a recession 3 Structural unemployment is caused by? a Temporary demand drop in a single industry b Cyclic fluctuations during a recession c Seasonal work fluctuations d Mchanges in the economy that create skills mismatches. 4 Cyclical unemployment rises when? a There is full employment b Technological advancements replacing workers c A temporary job shortage during holidays d The economy is in a downturn or recession. 5 Natural rate of unemployment means? a Unemployment due to inflation b Zero unemployment in the long run c Unemployment caused only by cycles d The baseline level of unemployment when the economy is at potential output. 6 Unemployment rate formula is? a (Number unemployed ÷ Labor force) × 100 b (Number employed ÷ Labor force) × 100 c (Total population ÷ Labor force) × 100 d (Labor force ÷ Number unemployed) × 100 7 Labor force participation rate measures? a The rate of inflation in the labor market b The percentage of job vacancies filled c The share of employed people in a country d The share of the working-age population in the labor force. 8 Which is a common cause of unemployment? a Weak overall demand for goods and services. b Excess population growth c Excess government spending d High unemployment benefits always increasing employment 9 What is underemployment? a People working fewer hours or in jobs below their skill level. b People who are self-employed only c Full-time workers who are promoted d People who are unemployed for a year or more 10 Policy tools to reduce unemployment include? a Deregulation with no spending b Only tax increases c Fiscal and monetary policies and job programs. d Export subsidies with no domestic demand impact

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Unemployment Fundamentals Quiz

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Unemployment Fundamentals QuizVersión en línea

por Hasan Khouly

What is unemployment in economic terms?

Frictional unemployment refers to?

Structural unemployment is caused by?

Cyclical unemployment rises when?

Natural rate of unemployment means?

Unemployment rate formula is?

Labor force participation rate measures?

Which is a common cause of unemployment?

What is underemployment?

Policy tools to reduce unemployment include?