Question

What type of unemployment does this represent? A young man is head of lifeguards at a water park that is only open during the summer months. He becomes unemployed during the month of September. (1 point)

Seasonal unemployment

Structural unemployment

Voluntary unemployment

Regional unemployment
What type of unemployment does this represent? A female is fired from her job for consistent tardiness and not performing duties assigned to her. (1 point)

frictional unemployment

Structural unemployment

Cyclical unemployment

Seasonal unemployment
Grandma Betty loves to talk about how in her day Reece’s cups used to be a quarter and she could go to the movies for 75 cents. What important economic factor is she probably forgetting when she discusses these prices?(1 point)

Deflation

Unemployment

Gold Standard

Inflation
Which of these government agencies is in charge of compiling our nation's economic statistics?(1 point)

Federal Bureau of Investigations

Federal Bureau of Drawers

Bureau of Labor Statistics

H&R Block
True or False, the Consumer Price Index is a measure of the average change over time for the prices paid for an average basket of consumer goods and services. (1 point)

True

False
Which of the following is a welfare set up by the government to assist families?(1 point)

Supplemental Nutrition Assistance Program

Medicare

Temporary Assistance for Needy Families

All of the above
One of the key drivers of economic growth is?(1 point)

Government assistance

Technology

Education

Inflation
Adam Smith, one of the founders of modern economics, reasoned that improvements in ___________ lie at the heart of economic growth and prosperity.(1 point)

Technology

Productivity

Love

Education
Which of the following is an example of human capital?(1 point)

Workers

Washington DC

On the job training

Answer 1

1) Seasonal unemployment

2) Frictional unemployment

3) Inflation

4) Bureau of Labor Statistics

5) True

6) All of the above

7) Technology

8) Productivity

9) On the job training