How can changes in technology or consumer demand affect the unemployment rate?
answer
by changing the number or kinds of jobs available
question
Why don't government planners try to end seasonal unemployment?
answer
It is a natural part of a healthy economy.
question
What does "full employment" mean?
answer
There is no cyclical unemployment.
question
How can changes in technology affect the unemployment rate?
answer
Change the kinds of jobs available.
question
Why does unemployment rise when the economy slows?
answer
Decreased demand for goods causes demand for labor to go down.
question
Which of the following workers is underemployed?
answer
woman who works 20 hours a week but wants to work more
question
What does full employment mean?
answer
There is no cyclical unemployment.
question
What typically happens to the inflation rate when unemployment falls to very low levels?
answer
It rises.
question
Which of the following is considered a cause of inflation?
answer
Producers raise prices to meet higher costs.
question
Why does low unemployment often lead to inflation?
answer
Businesses have to offer higher wages, causing prices to rise.
question
A bank is offering 5 percent interest on its savings account. If the inflation rate is 4 percent, how much return would customers actually make on their savings?
answer
1 percent
question
How does the U.S. Census Bureau define a family?
answer
two or more people related by birth who live in the same housing unit
question
Approximately how much total income did a family of four need to have to be considered above the poverty line in 2006?
answer
$20,000
question
How long can a family collect aid from the Temporary Assistance for Needy Families program?
answer
a maximum of five years
question
Which of the following is a main cause of poverty in the United States?
answer
lack of education
question
What age group in the United States has the largest percentage of its members living in poverty?
answer
children
question
Which of the following is one reason for the income gap in the United States?
answer
Workers who make goods with low market value receive low wages.
question
What is the main problem for people on a fixed income during a period of chronic inflation?
answer
Their income will not increase, so their purchasing power falls.
question
Full employment exists when
answer
nearly every person who wants a job has one.
question
Which of the following people is most likely to be classified as "working poor?"
answer
Carol, a single mother who works 35 hours a week at a job that pays slightly above minimum wage
question
The consumer price index measures the prices of certain items each month. Which items are measured?
answer
goods and services purchased by an urban consumer
question
How has the distribution of income in the United States changed over the past 25 years?
answer
It has become less equal.
question
Which of the following people is underemployed?
answer
Rochelle has a college degree, but she is working in a low-skill job.
question
What problem does inflation cause for people living on fixed incomes?
answer
Their income will not increase, so their purchasing power falls.
question
Which of the following describes full employment?
answer
when almost every person who wants a job has one
question
Why are poverty rates in rural areas higher than average?
answer
There are fewer job opportunities.
question
Which of the following might cause the inflation rate to rise sharply?
answer
Oil prices rise steeply because a war cuts off the supply.
question
Whom does the government consider to be poor?
answer
families whose income level does not support their household
Haven't found what you need?
Search for quizzes and test answers now
Quizzes.studymoose.com uses cookies. By continuing you agree to our cookie policy
