Business, 31.12.2021 06:30 zazy15

10. During a severe recession, we would expect output to fall the most in: A. the health care industry. B. the clothing industry. C. agriculture. D. the construction industry. 11. The United States' economy is considered to be at full employment when: A. about 4-5 percent of the total population is unemployed. B. 90 percent of the labor force is employed. C. about 4-5 percent of the labor force is unemployed. D. 100 percent of the labor force is employed. 12. Kara voluntarily quit her job as an insurance agent to return to school full time to earn an MBA degree. With degree in hand, she is now searching for a position in management. Kara presently is: A. cyclically unemployed. B. structurally unemployed. C. frictionally unemployed. D. not a member of the labor force. 13. According to the Bureau of Labor Statistics, to be officially unemployed a person must: A. be in the labor force. B. be 21 years of age or older. C. have lost a job. D. be waiting to be called back from a layoff.

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