Workplace Types and the Economy Answers

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1
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In order for the economy to be strong, businesses must _____.

A
produce goods and pay workers
B
provide labor and pay workers
C
produce goods and buy goods
D
provide labor and buy goods
2
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Since a ski instructor can only teach people to ski when there is snow on the ground, this job is considered seasonal.

A
T
B
F
3

Select the word that best fits the definition: Economic activity characterized by fluctuating levels of growth and decline

A
job security
B
interest rate
C
economy
D
business cycle
4

In order for the economy to be strong, individuals must _____.

A
produce goods and pay workers
B
provide labor and pay workers
C
produce goods and buy goods
D
provide labor and buy goods
5

As the demand for goods and services decreases, job growth _____.

A
increases
B
decreases
C
remains the same
D
none of the above
6

Select the word that best fits the definition: The way goods and services are produced, distributed, and consumed in a society.

A
job security
B
interest rate
C
economy
D
business cycle
7

As the demand for goods and services increases, job growth _____.

A
increases
B
decreases
C
remains the same
D
none of the above
8

The business cycle can be affected by major events, like the terrorist attack on the World Trade Center on September 11, 2001.

A
T
B
F
9

The person who would be most directly affected by changes in the business cycle is ______.

A
an emergency-room doctor
B
a construction worker
C
an orthodontist
D
a college professor
10

If you know you are at risk of becoming unemployed, you should _____.

A
wait until you officially lose the job to worry
B
get additional education to learn new skills
C
spend all your money while you are still making it
D
ignore the economy, because it is always changing

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