1 The labor force includes those people with a job and

homemakers.

those people training for a job.

those people who formerly worked and are now retired.

those people who are looking for work.

2 Unemployment that occurs during the normal workings of an economy as people change jobs and move across the country is called

structural unemployment.

frictional unemployment

natural unemployment

cyclical unemployment

3 For you to be considered out of the labor force, you can be

any of the above

a full-time retiree

a full-time volunteer.

a full-time student.

4 What is the term for restrictions imposed by a government limiting the amount of foreign currencies which can be obtained?

Exchange controls.

Taxes.

Tariffs.

Quotas.

5 Discouraged workers are

considered structurally unemployed.

considered cyclically unemployed.

not considered as part of the labor force.

considered frictionally unemployed