Underemployment is defined as
A. People seeking full-time paid employment but work only part-time or are employed at jobs below their capability.
B. Individuals desiring to work but who are discouraged by the process and have given up looking.
C. Individuals who are lazy and will not go out looking for a job but say they are looking.
D. People who have been laid off because of a recession and have little chance of finding a job.
Answer: A
You might also like to view...
Which of the following statements about transfer payments is true?
a. Transfer payments are not included in total government expenditures. b. Transfer payments involve the international remittance of funds. c. Transfer payments refer to the transfer of money by the commercial banks to the people. d. Transfer payments are made by the government to taxpayers. e. Transfer payments are made when governments purchase goods and services.
Marginal profit is the addition to a firm's total profit from a
a. $1 change in its price. b. one-unit change in its output. c. reduction in total cost. d. reduction in marginal cost.
Under President Lyndon Johnson, the federal government actually decreased its involvement in the economy.
Answer the following statement true (T) or false (F)
The relationship between average and marginal variables can be stated as follows: if the marginal is greater than the average,
a. the average is increasing b. the average is decreasing c. the marginal is increasing d. the marginal is decreasing e. the total is decreasing