Ch. 1 Sec. 1 Workplace Types and the Economy – Flashcards
Unlock all answers in this set
Unlock answersquestion
As the demand for goods and services increases, job growth _____.
answer
A.) Increases
question
When interests rates are high, it costs less money to borrow money.
answer
False
question
The economy has an impact on _____.
answer
C.) Employment and Unemployment
question
Since a ski instructor can only teach people to ski when there is snow on the ground, this job is considered seasonal.
answer
True
question
If you know you are at risk of becoming unemployed, you should _____.
answer
B.) Get additional education to learn new skills
question
Select the word that best fits the definition: Economic activity characterized by fluctuating levels of growth and decline
answer
D.) Business cycle
question
To be out of work is to be employed.
answer
False
question
The person who would be most directly affected by changes in the business cycle is ______.
answer
B.) A construction worker
question
As the demand for goods and services decreases, job growth _____.
answer
B.) Decreases
question
All of the following are considered active job search methods EXCEPT _____.
answer
B.) Attending job training programs
question
In order for the economy to be strong, individuals must _____.
answer
D.) Provide labor and buy goods
question
You would most likely find _____ in an informal workplace.
answer
C.) Flexible hours
question
In order for the economy to be strong, businesses must _____.
answer
A.) Produce goods and pay workers
question
The military is a formal workplace in which workers _____.
answer
B.) Have to follow a set schedule
question
_____ are different, even within the same job.
answer
B.) Workplaces
question
You would most likely find _____ in a formal workplace.
answer
D.) Strict rules
question
The business cycle can be affected by major events, like the terrorist attack on the World Trade Center on September 11, 2001
answer
True
