Work and the Economy MCQs
Work and the Economy MCQs
Try to answer these 60+ Work and the Economy MCQs and check your understanding of the Work and the Economy subject. Scroll down and let's begin!
1: What was so unique about the Great Recession of 2007-2009?
A. Its negative impact on people of color and immigrants
B. Its negative impact on Asia, India, and the European Union
C. Its impact on educated and formerly middle class individuals
D. Its impact on labor unions and social organizations
2: During the industrial revolution, family production was replaced with
A. Market production.
B. Agrarian societies.
C. Gathering activities.
D. High wages.
3: How did the workforce change during World War II?
A. More Black women began working in the domestic or service industries.
B. Single, White women began earning wages in clerical jobs.
C. Working women held jobs in war industries.
D. Married couples began opening up small
4: A widespread, systematic disinvestment in our nation’s manufacturing and production capacities is referred to
A. The industrial revolution.
B. Deindustrialization.
C. The service revolution.
D. Deinstitutionalization.
5: What has been called "the best umbrella in this historic economic storm and the best preparation for the economy that is emerging in recovery?"
A. A solid work ethic
B. Family support
C. A college degree
D. Mutual funds
6: Which individual would be considered underemployed?
A. Bev, a retired engineer who is considering becoming a literacy volunteer
B. Val, a social worker who has been unemployed for the past twelve months
C. Lou, a nurse's aide who just began working in a hospital
D. Sue, a high school teacher who is working as a secretary because she can't find a job in her field
7: All of the following are effects of unemployment except
A. Feelings of alienation.
B. Depression.
C. Sense of control.
D. Anxiety.
8: All of the following are associated with the Union of Needletrades, Industrial, and Textile Employees except
A. UNITE HERE
B. United Students Against Sweatshops
C. Liberty University
D. The Student Labor Action Project
9: Which type of organization would be LEAST likely to support increasing the minimum wage?
A. A not-for-profit group dedicated to ending poverty
B. A labor union
C. A small business
D. An agency dedicated to finding employment for homeless men
10: There is no country in the world where women make the same as or more than men.
A. True
B. False
11: Many of the worker benefits advocated by early labor unions are now mandated through federal, state, or local labor laws.
A. True
B. False
12: There is no federal law prohibiting employment discrimination based on sexual orientation.
A. True
B. False
13: The U.S. Department of Labor was created in 1944.
A. True
B. False
14: Though employers report positive attitudes toward people with disabilities, actual hiring rates reveal an opposite tren
A. True
B. False
15: Which statement is NOT true about living wages?
A. The term “living wage” was first used in the 1800s.
B. Living wages increase worker’s wages.
C. Research has confirmed that higher living wages hurt the local economy.
D. Living wages have been promoted as a policy tool to address economic and social inequality
16: The replacement of human labor by machines in the production process is called _____.
A. Automation
B. Manual
C. Robotics
D. Human labour
17: An economy is based on the exchange of goods and services rather than money is called _____economy.
A. Barter
B. Loan
C. Money
D. Sale
18: Economic order is characterized by the market allocation of goods and services, production for private profit, and private ownership of the means of producing wealth is called _____.
A. Capitalism
B. Socialism
C. Communism
D. Fascism
19: A type of economic system without private ownership of the means of production and, theoretically, without economic classes or economic inequality is called _____.
A. Communism
B. Capitalism
C. Fascism
D. Socialism
20: Those who would like to work but have given up searching, believing that no jobs are available for them are called _____ workers.
A. Discouraged
B. Ignored
C. Discriminated
D. Hated
21: The social institution organizes how a society produces, distributes, and consumes goods and services is known as _____.
A. Economy
B. Gdp
C. Both of these
D. None of these
22: Hochschild in 2003 presented “The commodification of emotions, including the management of feeling to create a publicly observable facial and bodily display” is known as ____ labour.
A. Emotional
B. Promotional
C. Burnout
D. Gender
23: _____persons are those who are 16 years of age or older in the civilian, noninstitutional population who did any paid work—even as little as 1 hour—in the reference week or worked in their own businesses or farms.
A. Employed
B. Unemployed
C. Waged
D. Contract
24: All work-related activities that provide income and are regulated by government agencies is known as _____ economy.
A. Formal
B. Informal
C. Reformal
D. Shadow
25: Objects that have an economic value to others are called _____.
A. Goods
B. Services
C. Products
D. None of these
26: Those income-generating economic activities that are not regulated by the governmental institutions that ordinarily regulate similar activities is known as ______.
A. Informal economy
B. Formal economy
C. Reformal economy
D. Shadow economy
27: Labour force participate rate is termed in sense of figure which represents the total of those counted by BLS as employed and those counted as unemployed, as a proportion of the civilian, noninstitutionalized population 16 years of age and over.
A. True
B. False
28: Persons who would like to work and have searched actively for a job in the past 12 months (but not in the prior 4 weeks) is known as Marginally attached to the work.
A. True
B. False
29: The large-scale, highly standardized manufacturing of identical commodities on a mechanical assembly line is called _____.
A. Mass production
B. Batch production
C. Mass customization
D. Lean production
30: Those things that make it possible for people to acquire goods and services and for the same people to be controlled and exploited as consumers” is known as Means of consumption is presented by ______.
A. Ritzer
B. Pulitzer
C. Karl max
D. Darwin
31: Not in the labor force defines as persons who are neither officially employed nor officially unemployed.
A. True
B. False
32: The sector of the labor market that provides goods and services to the economy and consumers with the primary motive of gaining profit is called ______ sector.
A. Private
B. Public
C. Non profit
D. Civil service
33: The sector of the labor market in which jobs are linked to the government is called _____ sector.
A. Public
B. Private
C. Non profit
D. Civil service
34: A pool of job seekers whose numbers outpace the available positions and thus contribute to keeping wages low and conditions of work tenuous is called Reserve army of labour.
A. True
B. False
35: A practice that sought to use principles of engineering to reduce the physical movements of workers is called ______.
A. Scientific management
B. Administrative management
C. Human relations
D. Modern management
36: Economically productive activities that do not result directly in physical products are called ______.
A. Services
B. Goods
C. Products
D. Processes
37: A type of economic system in which, theoretically, the government manages the economy in the interests of the workers is called _____.
A. Socialism
B. Communism
C. Capitalism
D. Marxism
38: People who are jobless, have actively looked for work in the prior 4 weeks, and are available for work are called ____.
A. Unemployed
B. Retired
C. Free lancer
D. Home maker
39: Any human effort that adds something of value to the goods and services that are available to others is called ____.
A. Work
B. Pwer
C. Force
D. Leave
40: Non Cash compensation paid to employees, such as health insurance and pension plans; also known as fringe benefits
A. True
B. False
41: Workers with limited or no job security; their jobs are not permanent is called
A. Non-Contingent Workers
B. Contingent Workers
C. Social Workers
D. Public Workers
42: _______ Unemployment caused by cyclical downturns in the economy
A. Cyclical
B. Social
C. Cultural
D. Physical
43: Discouraged workers who have given up looking for jobs and hence are no longer counted as members of the labor force
A. True
B. False
44: The division of work into a multiplicity of specialized occupational roles and tasks is called
A. Division of Labor
B. Employment at Will
C. Frictional Unemployment
D. Gig Economy
45: ______________ is the legal practice that allows an employer to terminate a worker’s employment even if no specific reason for the termination is given
A. Division of Labor
B. Employment at Will
C. Frictional Unemployment
D. Gig Economy
46: Unemployment that results from workers being temporarily jobless while transitioning from one job to another is called
A. Division of Labor
B. Employment at Will
C. Frictional Unemployment
D. Gig Economy
47: A free-market system in which temporary, flexible jobs are performed by independent workers who are hired by organizations for short-term commitments is called
A. Division of Labor
B. Employment at Will
C. Frictional Unemployment
D. Gig Economy
48: Great Depression describes the Worldwide economic downturn in the period 1929–______, marked by failing businesses, low or at times negative economic growth, and widespread unemployment
A. 1940
B. 1941
C. 1942
D. 1943
49: The set of cognitive, physical, and social skills of individual workers that produces economic value for organizations is called human capital
A. True
B. False
50: The segment of the population either employed or actively seeking employment is called labor force
A. True
B. False
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Work and the Economy MCQs
