To be officially classified as unemployed, a person must be
A) at least 18 and not working.
B) laid off or fired.
C) collecting unemployment benefits.
D) at least 16, not working and actively seeking employment.
D
You might also like to view...
Suppose Spam is an inferior good. If the U.S. economy is growing strong, and demanders' incomes were to rise, which of the following would tend to occur?
A) Spam sales would increase. B) Spam demand would decrease. C) The price of Spam would increase. D) Both A and C above. E) Both B and C above.
Essential components of a game include all of the following except:
a. players b. payoffs c. actions d. an information set e. cooperation
Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are available only in limited quantities. In long-run equilibrium, market price is determined by
a. the minimum point on the firms' average variable cost curve. b. the minimum point on the firms' average total cost curve. c. the portion of the marginal cost curve below average variable cost. d. a firm's level of sunk costs.
Suppose the interest rate on six-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States. Also, today's spot exchange price of the pound is $2.00 while the six-month forward exchange price of the pound is $1.98. U.S. investors expect that the future spot rate of pounds will be $2.04. By investing in U.K. treasury bills rather than U.S. treasury bills, and NOT covering exchange-rate risk, the approximate extra return that U.S. investors expect to earn for six months is
A. 5.0 percent. B. 3.0 percent. C. 3.5 percent. D. 0.5 percent.