Which of the following individuals would not be included in the labor force?
A. Kit, who has retired and is not looking for work.
B. Divy, who is on temporary layoff from General Motors.
C. Soraya, a recent college graduate, who does not have a job, but has applied for several in the last week.
D. Giles, a physician who chooses to work part-time.
Ans: A. Kit, who has retired and is not looking for work.
You might also like to view...
Gross domestic product is calculated by summing up the
A) total quantity of goods produced in the economy during a particular year. B) total quantity of final goods and services produced in the economy during a particular year. C) total market value of final goods produced in the economy during a particular year. D) total market value of final goods and services produced in the economy during a particular year.
An example of human capital is the purchase of a computer to help accountants
a. True b. False Indicate whether the statement is true or false
John is an athlete. He has $120 to spend and wants to buy either a heart rate monitor or new running shoes. Both the heart rate monitor and running shoes cost $120, so he can only buy one. This illustrates the principle that
a. trade can make everyone better off. b. people face trade-offs. c. rational people think at the margin. d. people respond to incentives.
The common measure of wealth used in calculating the distribution of wealth includes
A. human capital. B. financial assets. C. workers' claims on private pension funds. D. the amount an individual will not receive during retirement.