Which of the following individuals will the Bureau of Labor Statistics not count as unemployed?
A) Those who are not eligible for unemployment compensation because they have not worked in covered employment.
B) Those who have turned down job offers comparable to the most recent one they held.
C) Those who have used up their unemployment compensation benefits.
D) Those who live in a household where at least one other person is employed full time.
E) None of the above prevents an individual from being counted as unemployed.
E
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Microeconomics approaches the study of economics from the viewpoint of:
a. inflation, unemployment, and economic growth. b. the federal government. c. individual economic units, such as consumers, firms, and units of government. d. the economy as a whole.
Factors of production do not include
a. land b. labor c. money d. capital e. entrepreneurship
Being able to find stable patterns in data means that empirical models can be labeled as:
A. traditional models. B. pattern-finding models. C. heuristic models. D. butterfly effect models.
For an individual who has special talent as a singer, a large proportion of her salary can be considered
A) a fixed cost. B) economic rent. C) a payment below opportunity cost. D) opportunity cost.