Which of these are factors in determining whether a person is counted in the unemployment rate? Select the two correct answers.
(1 point)
Responses
whether the person is actively looking for a job
whether the person is actively looking for a job
whether the person has been employed for five or more years
whether the person has been employed for five or more years
whether the person has the skills needed to find a job
whether the person has the skills needed to find a job
whether the person is willing and able to work
whether the person is willing and able to work
whether the person is over 21 years of age
The correct answers are:
1. Whether the person is actively looking for a job
2. Whether the person is willing and able to work
New technology has made most of the jobs workers do at a particular factory obsolete, and they are laid off. Which type of unemployment are they experiencing?
(1 point)
Responses
structural
structural
casual
casual
frictional
frictional
cyclical
cyclical
The correct answer is structural unemployment.
Which type of investment are stocks?
(1 point)
Responses
lending
lending
ownership
ownership
cash equivalent
cash equivalent
interest
The correct answer is ownership. Stocks represent ownership in a company.
Which is an example of an oligopoly?
(1 point)
Responses
many different soap companies giving consumers choices
many different soap companies giving consumers choices
a few soda companies competing for business
a few soda companies competing for business
one shipping company with no competition
one shipping company with no competition
several grocery stores stocking different items
several grocery stores stocking different items