Chapter 6 Where to Live, Work, and Play

Forecasting the economic outlook is an exact science and accurately tells businesses how their company will perform.

• True

• False

It is important for a person to develop knowledge and skills that will keep them competitive in an ever-changing job market.

• True

• False

Financial experts recommend that a person does not spend more than 30% of their income for rent.

• True

• False

Where a person lives can affect job availability and how much they earn.

• True

• False

Read the statements below and select T if the statement is true or F if the statement is false. 5. There has been a consistent negative job outlook in the areas of healthcare and technology.

• T

• F

A concept in economics where putting resources into an economy creates a ripple effect, which increases employment and the output of goods and services is called the

• Economic outlook

• Multiplier effect

• Housing wage

• Job outlook

What is NOT an example of a career opportunity in the "green" industry?

• Wind energy

• Plumber

• Solar energy installation

• Green engineering

Small businesses employ about _____ of the nation's private sector workforce.

• One third

• Half

• Three quarters

• One quarter

What are some good ways to conduct job outlook research?

• Arrange search results into categories

• Research the job outlook for your preferred industry area

• Talk to a career counselor

• All of the above.

Economic factors of employment include a. Demographics b. Labor costs c. Globalization d. All of the above.

• Demographics

• Labor costs

• Globalization

• All of the above