People who want to work but have stopped looking for work because they could not find jobs after actively searching are called:
A. employed.
B. unemployed.
C. discouraged workers.
D. empowered.
Answer: C
You might also like to view...
Microsoft enjoyed the benefit of several barriers to entry, including all of the following except:
A) lock in and switching costs. B) patents and copyright protection. C) input barriers. D) network externalities.
All of these allow a firm to differentiate its product, except
a. Product branding b. Reducing quality c. Advertising d. Limiting availability
If a country with a large government debt uses money creation to service and repay the debt, this will lead to
a. lower interest rates. b. an appreciation of the nation's currency in the foreign exchange market. c. inflation, higher interest rates, and a financial crisis. d. rapid economic growth, as the expansionary monetary policy stimulates the economy and generates the additional tax revenue to service the larger debt.
Suppose that at a firm's profit-maximizing level of output, its total revenue is $1,250, the total cost of its variable factors of production is $1,000, and its total fixed cost is $500. This firm will ________ in the short run, and will ________ in the long run.
A. shut down; reopen for business B. earn a loss; earn a profit C. not shut down; exit the industry D. earn a profit; earn a loss