. Which of these are factors in determining whether a person is counted in the unemployment rate? Select all that apply. (2 points)
whether the person is actively looking for a job ••
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 is willing and able to work••
whether the person is over 21 years of age
21. 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)
structural ••
casual
frictional
cyclical
22. Which type of investment are stocks? (1 point)
lending
ownership ••
cash equivalent
interest
23. Which is an example of an oligopoly? (1 point)
many different soap companies giving consumers choices
a few soda companies competing for business••
one shipping company with no competition
several grocery stores stocking different items
24. If the price of stock falls dramatically but an investor thinks it will go up again, what is the investor likely to do? (1 point)
trade shares
sell shares
buy shares ••
do nothing
25. Eddie has a credit card on which he makes monthly payments and tries not to carry a balance. What kind of credit is this? Select all that apply. (2 points)
non-revolving
revolving ••
secured
unsecured ••
flexible
Riya recently bought a new phone. She was taking a photo of her sister when she dropped the phone in the pool. The company that made the phone told her they wouldn’t replace it. Riya decides to call her credit card company to find out if they can help.
Use the passage to answer the question.
26. Which advantage of credit is Riya seeking to use? (1 point)
emergencies
purchase power
building a credit line
protection of purchases ••
27. What is a regular car payment an example of? (1 point)
fixed expense ••
variable expense
interest
ownership investment
2 answers
1 answer