1. Esmerelda worked parttime for her mother’s business without pay. Tabitha was absent from work because she had strep throat. Who is counted as “employed” by the Bureau of Labor Statistics?
a. Esmerelda but not Tabitha
b. Tabitha but not Esmerelda
c. both Esmerelda and Tabitha
d. neither Esmerelda nor Tabitha
2. Anna recently graduated from college with a degree in electrical engineering, but she has not yet started working. To be counted as “unemployed” she
a. does not have to have looked for work.
b. must have looked for work no more than a week ago.
c. must have looked for work no more than four weeks ago.
d. must have looked for work no more than twelve weeks ago.
3. Karena was laid off, but she is expecting to be recalled. She has not looked for work since being laid off. Nathan is not employed, nor was he lay off. Who is counted as “unemployed” in the U.S. labor force statistics?
a. 1) Karena and 2) Nathan, even if Nathan has not looked for work during the previous four weeks
b. 1) Karena and 2) Nathan, if Nathan has looked for work during the previous four weeks
c. 1) not Karena but 2) Nathan, even if Nathan has not looked for work during the previous four weeks
d. 1) not Karena but 2) Nathan, if Nathan has looked for work during the previous four weeks
4. Which of the following people would be counted in the labor force?
a. Chou, who lost his job and last looked for work three months ago
b. Stephanie, who holds a Ph.D. in history, but can only find part-time employment at a fast-food restaurant
c. Jordan, who would like to work as a stockbroker but is now a househusband
d. Steffan, who thinks he could easily earn $100,000 per year, despite the opinion of the psychiatrist at the state hospital where he is a patient
e. Monique, age 90, who is enjoying her retirement in Montana
5. With a total population of 1,000, in the country of Fictivia: 250 people are working, 150 are retired, 45 people are not working but they are actively looking for a job, 101 are children too young to work, 20 people dropped out of the labor force because they won the lottery. How many people are in the labor force?
a. 45
b. 150
c. 295
d. 451
e. 1,000
6. Which of the following people would be classified as unemployed?
a. a person who wants a job as a fashion model but cannot find work in that field
b. someone who quits a part-time job to attend school full-time
c. someone who gives up looking for a job
d. a person who works at a job that underemploys his or her skills
e. a person who works part-time and would rather work full-time
7. Cyclical unemployment results from?
a. a mismatch of skills
b. being in the wrong geographical location
c. taking the time to find the best job
d. seasonal decreases in demand for labor
e. a recession in the economy