Question

2. Who of the following are included in the Bureau of Labor Statistics’ “employed” category? a....

2. Who of the following are included in the Bureau of Labor Statistics’ “employed” category?

a.

certain unpaid workers

b.

part-time workers

c.

workers on vacation

d.

All of the above are correct.

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.

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.

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.

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

Homework Answers

Answer #2

2 The employed category includes all the workers who are unpaid,works part time and who are on vacation as employed.

So,option(D) all of the above.

3) A person running his own business is considered employed and included in the labor force

Option(C)

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

Structural unemployment Option(C)

5) Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called

Frictional employment Option (D)

6) Frictional unemployment occurs due to Job search

option(D)

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