The labor force is defined as
A. everyone 16 years of age or older.
B. the employed plus the unemployed.
C. the employed minus the unemployed.
D. the civilian non-institutional population over the age of 16.
B. the employed plus the unemployed.
You might also like to view...
When trying out for the football team, the coach may have candidates run a lap around the track. This is an example of:
A. signaling. B. screening. C. strength building. D. training.
Which of the following statements is true about the trends in the flow of international trade witnessed in India since its independence?
a. Trade liberalization was unable to boost India's economy in the first few decades of independence. b. Indian software exports now reflect an annual growth rate of an impressive 55 percent. c. The opening of trade and modern telecommunications allowed India's production set to expand and gain comparative advantage in software. d. Trade has enabled Indian engineers to command higher wages than most other nations specializing in software.
All of the following are real quantities except the:
A. millions of computer chips shipped to computer makers. B. tons of steel shipped to South America. C. billions of dollars invested in stocks. D. number of new cars produced in one year.
Compare the standard modern theory of international trade that assumes increasing marginal costs with the constant-cost assumption about production costs used in the Ricardian approach.
What will be an ideal response?