What does it mean when a person is underemployed?
What will be an ideal response?
Answer: The person has a job but they are overqualified for it.
You might also like to view...
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.
Price elasticity of supply:
A. is the percentage change in the quantity supplied of a good or service divided by the percentage change in the price of the good or service. B. is the percentage change in the price of a good or service divided by the percentage change in the quantity supplied of the good or service. C. is always a negative number. D. measures consumers' responsiveness to a change in price.
Which of the following is a stock variable? The number of
A. unemployed people. B. job losers. C. job leavers. D. reentrants.
The perfectly competitive firm's total revenue curve
A) is linear and upward sloping. B) has a constant slope. C) has a positive slope. D) all of the above.