B) 6.7 (175 points) Part 1: Multiple choice. Choose the one alterna the question. E 1) Marginally attached workers are c

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B 6 7 175 Points Part 1 Multiple Choice Choose The One Alterna The Question E 1 Marginally Attached Workers Are C 1 (65.75 KiB) Viewed 31 times

B) 6.7 (175 points) Part 1: Multiple choice. Choose the one alterna the question. E 1) Marginally attached workers are categorized as A) unemployed B) labor force ) employed D) not in the labor force 2) Which of the following is NOT considered to be in the labor force? D A) a student who works part-time B) a person who is not working and who has not tried to find a job C) a person who is waiting to start a new job in the next 30 days D) a person who is not working but who has tried to find a job in the past weck 3) In an economy, 46 million people are employed and 4 million are unemployed, but 15 million part-time workers would prefer full-time work. What is the unemployment rate? A) 8 percent 8 percent C) 23.2 percent D) 25 percent Component Number of people (millions) Under 16 150 Working full-time 90 Working part-time 25 Retired 240 Unemployed 5 4) Using the data in the above table, the labor force is million B) 190 C) 115 D) 215 5) The labor force is defined as the A) number of people who are working in labor-type jobs. B) number of employed people plus the number of unemployed people. C) number of people who are working. D) number of union members who are working 6) If the number of people unemployed is 200, the number of people employed is 2000, and the working-age population is 2,800, then the unemployment rate is: A) 7.1 percent B) 6.6 percent C) 9.1 percent D) 10 percent. 7) Unemployment caused by the normal labor turnover is called unemployment A) part-time B) cyclical C) involuntary D) frictional 8) The working-age population can be divided into two groups A) people in the labor force and people with a job. B) people in the labor force and people who are not in the labor force. C) people looking for work and those in the armed forces. D) people in the labor force and people looking for work. A) 365