People who are not currently employed, but say they want a job, are counted as unemployed only if they
a. have previously held a job
b. are actively seeking employment
c. are willing to accept any reasonable wage rate
d. are between 16 and 65 years of age
e. are willing to accept any offer of employment
B
You might also like to view...
Governments exist to
A) maintain property rights. B) provide non-market mechanisms for allocating scarce resources. C) implement arrangements that redistribute wealth and income. D) all of the above.
Read Eye on the Benefit and Cost of School on p. 15 and explain why both you and Clayton Kershaw made the right decision
What will be an ideal response?
The Dodd-Frank legislation of 2010 permanently increased the federal deposit insurance to
A) $40,000. B) $100,000. C) $200,000. D) $250,000.
Nick Lewis is a strict vegetarian and dislikes the sight and smell of meat products. He buys a raffle supporting the Josh Gottheil Memorial Fund for Lymphoma Research and wins the 3rd prize: a year's supply of hamburger meat. He is willing to trade with his meat-loving friends, and a trade ensues. This is because the
a. marginal utility of meat for them is positive and for Nick, it's negative b. total utility of meat for them and for Nick is positive c. MU/P of the goods his friends trade away is higher than their MU/P of meat d. MU/P of meat for Nick is higher than the MU/P of the goods he gets for the meat e. his friends have a negative total utility of meat, but wish to help Nick