Economics Exam 4: Questions & Answers: Latest Updated Guide Solution

The civilian labor force includes: a. the sum of all employed and all unemployed people. b. all working people not in the military. c. the sum of all employed people. d. the sum of all people not in the military and all unemployed people. (Ans- a. the sum of all employed and all unemployed people. Structural Unemployment a. is unemployment that occurs as a result of a downturn in the economy. b. is short-term unemployment associated with individuals who are not working while seeking their first job or changing jobs. c. occurs when the jobs that are available require skills that do not match the skills possessed by those seeking jobs. d. the only type of unemployment that makes a person eligible for unemployment benefits. (Ans- c. occurs when the jobs that are available require skills that do not match the skills possessed by those seeking jobs.The unemployment rate is a. the number of people receiving unemployment benefits as a percent of the total labor force. b. the number of unemployed as a percent of the total labor force. c. the number of unemployed as a percent of the total population. d. the number of people receiving unemployment benefits as a percent of the total population. (Ans- b. the number of unemployed as a percent of the total labor