Which one of the following persons would be considered unemployed?
A. a person not working who has given up searching for a job
B. a part-time worker looking for a full-time job
C. a construction worker who was laid off due to cold weather
D. a full-time college student who is not a member of the labor force
Answer: C
You might also like to view...
Explain why input demand curves slope downward using the concepts of the factor substitution effect and the output effect
What will be an ideal response?
If government regulations increase the cost of producing gasoline while at the same time government regulations reduce the cost of driving a relatively inefficient sport utility vehicle (SUV),
A) the supply of gasoline is expected to increase. B) the demand for gasoline is expected to decrease. C) the price of gasoline is expected to increase, whereas the total consumption of gasoline can increase, decrease, or stay the same. D) the supply of gasoline is expected to decrease.
Which of the following is true?
a. When workers are more productive, the demand for their services will be higher. b. In order to earn a large income, one must provide large benefits to others. c. High productivity (a large output per hour worked) is the key to high earnings for both individuals and countries. d. All of the above are true.
Assume that for good X the supply curve for a good is a typical, upward-sloping straight line, and the demand curve is a typical downward-sloping straight line. If the good is taxed, and the tax is tripled, the
a. base of the triangle that represents the deadweight loss triples. b. height of the triangle that represents the deadweight loss triples. c. deadweight loss of the tax increases by a factor of nine. d. All of the above are correct.