Which of the following factors makes the official unemployment rate an overstatement of the actual level of unemployment in the economy?
a. Inclusion of discouraged workers
b. Inclusion of those only working part time
c. Inclusion of those who are overqualified for their current jobs
d. Inclusion of those who are marginally attached to the labor force
e. Inclusion of those who pretend to look for work in order to qualify for welfare programs
e
You might also like to view...
A firm engaging in rent seeking activity
A) is breaking the law. B) is willing to spend up to the gain in producer surplus. C) is irrational. D) increases societal gain.
Referring to Figure 18.3, the effect of an increase in Japanese interest rates is represented by a movement from point:
A. c to d. B. b to a. C. d to c. D. d to a.
The re insurance market is characterized as having:
A. few buyers and sellers. B. many buyers and sellers. C. a few buyers and many sellers. D. many buyers and a few sellers.
The total amount of taxes paid divided by before-tax income is the
A. median taxpayer rate. B. average tax rate. C. rate of hysteresis. D. marginal tax rate.