Octavia does not currently have a job, but she has applied for several jobs in the previous week. Eve is an unpaid stay-at-home mom who has not searched for work in recent years. Who does the Bureau of Labor Statistics count as "out of the labor force"?
a. Octavia but not Eve
b. Eve but not Octavia
c. both Octavia and Eve
d. neither Octavia nor Eve
b
You might also like to view...
The money multiplier determines how much
A) real GDP will be expanded given an increase in autonomous investment. B) the monetary base will be expanded given a change in the quantity of money. C) the quantity of money will be expanded given a change in the monetary base. D) money demand will expand given a change in the quantity of money.
The long-run equilibrium for a firm in an information product industry exists at a point at which
A) marginal cost equals marginal revenue. B) the demand curve crosses the marginal cost curve. C) the demand curve is tangent to the average total cost curve. D) average total cost is minimized.
The demand curve for a public good is constructed by:
A. surveying voters on how much of a particular public good they would use at each price. B. summing voters' reservation prices at each quantity. C. dividing the total cost of providing the public good by the number of potential users. D. summing voters' desired quantity of the public good at each price.
Related to the Economics in Practice on page 176: When there are only a few empty cabins on a large cruise ship, the marginal cost of adding extra passengers to occupy those cabins
A. will primarily depend on the number of customers waiting to travel. B. will be negative. C. is probably very low. D. is generally quite high.