Which of the following can cause official unemployment figures to underestimate the true unemployment rate?

A) Some people get discouraged and quit looking for a job.
B) Some people engage in illegal activities.
C) Some people work "off the books."
D) Some people work overtime.


A

Economics

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A consumer is given the chance to buy a concert ticket for $50 and refuses. Later, that same consumer wins a free ticket to the concert

When asked to sell that ticket for $50, the consumer refuses, indicating that he would rather use the ticket himself. This is an example of A) endowment effect. B) salience. C) framing bias. D) irrational behavior.

Economics

Which of the following is false?

a. Products with more close substitutes have more elastic demand b. The demand for any individual brand is less elastic than industry aggregate demand c. Products with many complements have less elastic demand d. In the long run, demand curves become more elastic

Economics

The first attempt by United States workers to organize on a permanent basis was by what Philadelphia group?

a. coal miners b. shoemakers c. bakers d. construction workers e. bankers

Economics

When someone with no health insurance buys a high deductible health insurance policy

A. the premium for the policy falls below what it would be without the deductible. B. insurance for a large loss is present but small losses are not insured. C. the moral hazard problem is reduced. D. All of these are true.

Economics