To be unemployed is to be
A) without a job, but actively looking for a job.
B) without any source of income.
C) without an identity.
D) all of the above.
A
You might also like to view...
Explain how the "new growth theory" treats technology differently from the way economists used to treat technology
What will be an ideal response?
In the United States the differential between union and non-union wages
A) does not exist. B) currently averages about 50-60 percent. C) has been narrowing. D) tends to fall during a recession because union members typically have shorter-term contracts than do nonunion employees.
The production function shows:
a. the total cost incurred to produce a certain level of output. b. the changes in cost incurred as output level varies. c. the relationship between inputs used and output produced. d. the impact of a change in production on the firm's revenues.
Suppose Joe has a reliable two-year old Honda Civic that's in excellent condition and that he would be willing to sell for $13,000. Lauren, who is risk-neutral, is considering whether to buy Joe's car. She's willing to pay $14,000 for a two-year Honda Civic that is reliable and only $10,000 for one that's not reliable. Lauren cannot tell whether Joe's car is reliable, but she believes that only 20 percent of two-year old Hondas for sale in the market are reliable and that the other 80 percent are not reliable. Will Lauren buy Joe's car?
A. Yes, because Lauren will be willing to pay Joe more than $13,000. B. No, because Lauren will not be willing to pay Joe $13,000. C. Yes, because Lauren is willing to pay $14,000 for a car that's reliable. D. Maybe, because Lauren might be willing to pay as much as $14,000.