Workers who are unemployed but are not actively looking for jobs are referred to as:
A) laid back workers. B) laid off workers.
C) discouraged workers. D) abandoned workers.
C
You might also like to view...
Technological progress occurs when the economy gets more output
A) without any more capital or labor. B) by using more capital but not more workers. C) by using more capital per worker. D) by using more labor but not more capital.
Why are economists so often skeptical of replacing GDP as a measure of well-being?
A. Economists see little wrong, other than measurement errors, in the way GDP is computed. B. Economists think that the alternatives cannot take changes in price level into account in an acceptable manner. C. Economists believe that only market activity can be and should be measured. D. The alternatives involve value judgments about social goals that some or many economists find controversial.
The Fed’s tools of monetary policy are
A. government expenditures, interest rates, and taxation. B. open-market operations, lending to banks, reserve requirements, and paying interest on reserves. C. the money supply, government purchases, and taxation. D. none of these.
Unlike a private good, a public good:
A. has no opportunity costs. B. has benefits available to all, including nonpayers. C. produces no positive or negative externalities. D. is characterized by rivalry and excludability.