The job finding rate is defined as
A. the probability that someone who is unemployed will find a job in the next month.
B. the probability that someone who is employed will change jobs in the next month.
C. the probability that someone who is not in the labor force will enter the labor force in the next month.
D. the probability that someone who has been unemployed for over a year will find a job in the next month.
Answer: A
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In which case did the U.S. Supreme Court's review powers extend to actions by the other two branches of the federal government and not merely to the laws of the states?
(a) Marbury v. Madison (1803) (b) McCulloch v. Maryland (1819) (c) Gibbons v. Ogden (1824) (d) Dartmouth College v. Woodward (1819)
An externality can occur when:
a. a voluntary transaction between two individuals creates economic value. b. a person's action affects another's wealth either positively or negatively. c. a self-interested individual tries to maximize his/her profits. d. a voluntary transaction between two individuals creates economic loss.
Alfonso represents a swimming pool company in a product market. Which activity might Alfonso expect to happen in this product market?
a. His company will buy pool supplies from households. b. His company will sell pool liners to households. c. Households will provide labor to install pools for his company. d. Households will use his company to sell pools to other households.
During World War II, there was an extensive black market for tires in the United States. The most likely explanation for the existence of the black market was that
A. the price of tires was artificially held down by price controls. B. the price of tires was artificially increased by price controls. C. tires were one of the few goods not subject to price controls. D. gasoline rationing greatly restricted civilian driving.