Title: QUIZ: Unemployment -- Economic Lowdown Audio Series
Course: Andria Testing FRE2 > Section: Unemployment -- Economic Lowdown Audio Series

Q: Why do economists consider unemployment harmful to society overall?
- It results in depressed wages for workers.
- It leads to businesses decreasing prices of goods and services.
- It represents unused resources.
- It drives businesses to outsource production to other countries.
A: It represents unused resources.

Q: Frank is retired. He doesn’t have a job, and doesn’t want one. Frank is:
- Employed
- Unemployed
- Out of the labor force
A: Out of the labor force

Q: Josie is working part time, but wants full time work. She is applying for jobs. Currently, Josie is:
- Employed
- Unemployed
- Out of the labor force That is correct.
A: Employed

Q: Yvonne lost her job in the last recession. She looked for work for a few months, but didn’t have any luck. She wants a job, but is not actively looking. Yvonne is:
- Employed
- Unemployed
- Out of the labor force
A: Out of the labor force

Q: “Hi, I’m Mary. My business repairs VCRs and DVD players, but people are streaming video content more than ever. Not many consumers are fixing their DVD players anymore. I had to close my business.” Which unemployment category fits Mary?
- Frictional
- Structural
- Cyclical
A: Structural

Q: “Hi, I’m Brian. I recently graduated college with a Master’s Degree in Computer Science. I have been filling out applications in the hopes of getting an interview for my first job.” Which unemployment category fits Brian?
- Frictional
- Structural
- Cyclical
A: Frictional

Q: “Hi, I’m Joanna. I was recently laid off. Sales slowed several months ago as a result of an economic downturn, so the company was forced to downsize.” Which unemployment category fits Joanna?
- Frictional
- Structural
- Cyclical
A: Cyclical