Which of the following makes the official measure of unemployment in the U.S. an understatement of actual unemployment?
a. Some workers become discouraged and are not actively seeking work. They are officially counted in the labor force as unemployed.
b. The official measure of civilian unemployment fails to account for very high levels of unemployment among active-duty military personnel.
c. The statistics count part-time employment as being no different from full-time employment.
d. The official measure counts all part-time workers as unemployed.
c
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Discrimination raises the average wage of members of one group of workers in spite of laws that require equal pay for all workers
a. True b. False Indicate whether the statement is true or false
Using the income approach, the largest component in the calculation of GDP is:
a. net interest. b. rental income. c. profits. d. compensation of employees.
According to the efficient markets theory of stock prices,
a. fundamental analysis is a way to profit from predicting stock prices b. fundamental and technical analysis are largely useless c. technical analysis is the best approach to profit from predicting stock prices d. fundamental and technical analysis must be synthesized in order to profit from predicting stock prices e. whether fundamental and technical analysis can be profitable depends on the specific firm being analyzed
The nature of a firm's cost (fixed or variable) depends on the
a. firm's revenues. b. time horizon under consideration. c. price the firm charges for output. d. explicit but not implicit costs.