According to the Bureau of Labor Statistics, a person who does not have a job and has not been actively looking for a job in the past four weeks is considered
A) unemployed.
B) employed.
C) not in the labor force.
D) underemployed.
C
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In the financial crises of the 1990s, investors lost huge amounts of wealth as a consequence of the rapid drop in values of local firms in each country
a. True b. False Indicate whether the statement is true or false
The law of demand is illustrated when:
A) an increase in tuition encourages more students to enroll in college because the quality of education has risen. B) an increase in the purchases of personal computers results from lower prices. C) higher oil prices cause oil companies to drill for new sources of oil. D) higher fees for the use of public golf courses force golfers to purchase fewer golf balls.
Beth would like to invest in the stock market, but she has a low income. She would have to purchase shares of stock in just one or two companies, and she fears that is too risky. Which financial intermediary could best help her buy stocks in many companies with her limited assets?
a. a bank b. a savings and loan c. a mutual fund d. an insurance company
In a competitive market, each firm
A. has costs that are external (externalities). B. is the single seller of that good. C. can easily enter or exit the market. D. sets its own prices.