If there are discouraged workers:
a. they are included in the official count of the unemployed
b. the unemployment rate will tend to overstate the true level of unemployment.
c. the unemployment rate will tend to understate the true level of unemployment.
d. they are considered part of the labor force.
c
You might also like to view...
Collective bargaining contracts between management and the union negotiators
A) also apply to the workers who are not members of the union. B) usually are settled only after a strike. C) cover wages only. D) cover wages and fringe benefits only.
Barriers to entry only exist for monopoly markets
a. True b. False Indicate whether the statement is true or false
Corrective taxes that are imposed upon the producer of a nasty smell can be successful in reducing that smell because the tax makes the producer
a. externalize the positive externality. b. externalize the negative externality. c. internalize the positive externality. d. internalize the negative externality.
According to the above figure, if the government imposes a minimum wage equal to Wm, the effect will be
A. an increase in employment from Qe to Qm. B. an increase in labor supplied, from A to E. C. a reduction in employment from Qe to Qm. D. a decrease in labor supplied, from C to E.