A level Unemployment Quiz 1

17 QuestionsMultiple ChoiceFree Practice

About this quiz

This A level Unemployment Quiz 1 quiz contains 17 multiple choice questions designed to help you revise and test your A level Unemployment Quizzes knowledge. Select an answer for each question and click “Submit Answer” to see instant feedback. Take your time and try to score as high as possible!

Description

In this economics quiz, we shall be looking at the study of unemployment. Nowadays, unemployment is a very common find in many countries. Here, we will be looking at some concepts on unemployment such as the reasons for unemployment, types of unemployment, and the consequences of unemployment. This quiz is tailored towards training you to understand the topic well.

Unemployment occurs when an individual who is actively in search of a job is unable to find any. It is often used to measure the health of the economy. High levels of unemployment can be considered as a signal of economic distress. On the other hand, very low levels of unemployment may signal an overheated economy. There are some basic types of unemployment which are frictional, cyclical, structural, or institutional unemployment. Let’s take a look at the case of frictional unemployment. It is the type of unemployment existing in an economy that is a result of individuals moving from one job to another. This kind of unemployment is usually short-lived.

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Question 1 of 17

Bob is unemployed if he

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Question 2 of 17

For you to be considered out of the labor force, you can be

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Question 3 of 17

The number of people unemployed equals

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Question 4 of 17

When an individual quits his/her job and decides to stay at home for a while, the labor-force participation rate

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Question 5 of 17

Discouraged workers are

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Question 6 of 17

Which of the following statements is true?

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Question 7 of 17

Classifying discouraged workers as unemployed would

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Question 8 of 17

Structural unemployment is the

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Question 9 of 17

The increase in unemployment that occurs during recessions and depressions is called

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Question 10 of 17

The natural rate of unemployment is generally thought of as the

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Question 11 of 17

When an individual quits his job and decides to look for a new job immediately, the labor-force participation rate

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Question 12 of 17

Unemployment that occurs during the normal workings of an economy as  people change jobs and move across the country is called

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Question 13 of 17

The unemployment that occurs during recessions and depressions is

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Question 14 of 17

An auto worker in Ohio who loses her job because the company relocated the plant to another country represents an example of

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Question 15 of 17

If you hear a person saying "I lost my job because I was replaced by a machine," you should conclude that this person is ________ unemployed

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Question 16 of 17

Employment tends to rise when

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Question 17 of 17

Minimum wage laws contribute to a higher unemployment rate by