economics vocab.

Key terms:
*frictional unemployment
*seasonal unemployment
*structural unemployment
*cyclical unemployment
*census
*unemployment rate
*full employment
*underemployed
*discouraged worker

1. My cousin Harold is used to ______________, since he works for a landscaping company and is laid off every summer.
My answer: seasonal unemployment

2. It is easy to find a job these days, since _____________ is so low.
My answer: full employment

3. Poeple who do not finish high school often suffer from ____________.
My answer: structural unemployment

4. With ___________, nearly everyone who want a job has a job.
I'm not sure what this one is.

5. The excellent mechaning who has been working as a clerk at a convenience stores since the local garage closed is considered ____________.
My answer: underemployed

6. My aunt who left her job to care for her sick mother and is now looking for work is an example of ___________.
My answer: frictional unemployment

  1. 👍 0
  2. 👎 0
  3. 👁 290
  1. 1) I agree
    2) I disagree. I would go with "unemployment rate"
    3) I agree
    4) I would go with "full employment"
    5) I agree
    6) I agree

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. Economics

    1. According to the data table below, what is the unemployment rate?: Total Population: 1,500 Population under 16 or institutionalised: 360 Not in the labor force: 450 Unemployed: 69 Workers with part-time work who want full-time:

    asked by Wesley on July 13, 2016
  2. macroeconomics

    If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of

    asked by Anonymous on March 27, 2012
  3. Macro Economics

    Does anyone know how to calculate the frictional rate of employment...given the following information... The structural unemployment rate of 2.8%, actual unemployment rate of 7% and cyclical unemployment is 2.0% I just need to

    asked by Joel on September 29, 2008
  4. Economics

    The economy consists of the following: - working-age population: 20M - full time employment: 8M - part-time employment: 2M (1M of whom wish they had full-time jobs) - unemployment: 1M If 0.6M of those unemployed are frictionally,

    asked by Freddy on February 28, 2007
  5. economics

    could we ever achieve an unemployment rate below full employment? What problems might we encounter if it did? I'm not sure if I understand your question. To my knowledge, we can never achieve full employment in the United States.

    asked by Kayla on March 20, 2007
  6. Economics

    How would unemployment compensation and income support programs (Welfare) affect the threat of unemployment? What impact would you expect these to have on labor intensity, the profit rate, and the level of unemployment?

    asked by Caus on November 28, 2007
  7. Macroeconomics - inflation!

    Hi! I had to graph inflation/unemployment... Why did the inflation rate start increasing and the unemployment rate started decreasing after 2000??? Thanks. I should let economyst answer, but I'll comment on this, If economyst

    asked by Samantha on September 10, 2006
  8. economics

    Fill in the blanks. 1. Reason for unemployment: _____________________________ Type of uneployment: very low employment 2. Reason for unemployment: a healthy economy that is working properly Type of unemployment:

    asked by anonymous on December 11, 2007
  9. Economics

    9. During the 1990's the inflation and unemployment trends in the United States changed. What was unusual in the 1990s? A. Unemployment reached very high levels but inflation fell to less than five percent B. although inflation

    asked by Codey on May 31, 2011
  10. Macroeconomics

    Suppose the economy has been experiencing zero inflation and five percent unemployment for several years. The government decides to lower the unemployment percentage by generating some inflation. You need to do the following:

    asked by Joe on May 24, 2010

More Similar Questions