Labor — Unit test Answers

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1
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As a result of decreased production, David lost his job designing cars. Which terms can be used to describe David? Select two options.

A
cyclically unemployed
B
domestically unemployed
C
frictionally unemployed
D
structurally unemployed
E
still employed
F
unemployed
2
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What is a major factor in the decline of some occupations, such as those in the textiles and clothing industries?

A
shifting consumer tastes
B
overseas labor costs
C
changing technologies
D
aging populations
3

Labor unions were certain to advocate for the best interests of workers because

A
the government shut down factories that did not improve work conditions.
B
the top factories were run by owners who wanted to retain their workers.
C
the government required all labor unions to promote workplace reform.
D
the labor unions were created by workers and made up of workers.
4

The government has the right to own all land, buildings, and factories in a

A
closed economy.
B
command economy.
C
mixed market economy.
D
pure market economy.
5

In a command economy, a cotton farm floods after a heavy storm. The repair work most likely will be paid by

A
the private business that operates the farm.
B
the government group that runs the farm.
C
the individual who manages the farm.
D
the family who owns the farm.
6

Among the changes that labor reformers wanted after the Industrial Revolution was

A
more jobs for untrained workers.
B
a ban on child factory workers.
C
jobs for women factory workers.
D
equal pay for owners and workers.
7

What circumstances during the early days of industrialization led to a need for reform? Check all that apply.

A
Factory equipment was dangerous to operate.
B
There were too few capable workers to fill positions.
C
There was little government regulation of workplaces.
D
A typical work shift might be twelve to sixteen hours long.
E
It was very expensive to keep factories running.
8

What are some benefits to private ownership? Select three answers.

A
Private ownership provides offices for government workers.
B
Private ownership provides land or goods for all citizens to use.
C
Private ownership can make it possible for a business to earn money.
D
Private ownership might help a person move to another economic class.
E
Private ownership allows a person to own goods that may increase in value.
9

What are some ways to address unemployment in a market economy? Select three answers.

A
creating new projects
B
increasing regulation
C
lowering restrictions
D
raising more taxes
E
promoting hiring
11

This graph shows changes in GDP and the unemployment rate in the United States in recent years.Which statement most accurately describes the trends shown on this graph?

Question illustration
A
When GDP falls, unemployment rises.
B
GDP and unemployment have little to do with each other.
C
When GDP rises, unemployment rises as well.
D
GDP and unemployment rise at times of world crises.

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