Which of the following people is considered to be in the labor force? Select all that apply:
A. Gina is a stay-at-home mom and volunteers teaching Sunday school at her local church.
B. Sandy quit her job in order to tend to her ailing parents.
C. Ronald is currently looking for a job in engineering.
D. Nancy is working full-time at her company's corporate office.
Answer:
C. Ronald is currently looking for a job in engineering.
D. Nancy is working full-time at her company's corporate office.
You might also like to view...
The effect of imposing a minimum wage rate on the quantity of labor employed is
a. greater the less elastic is the demand for labor b. greater the less elastic is the supply of labor c. zero if the minimum wage rate is above the equilibrium wage rate d. greater the more elastic is the demand for labor e. greater the closer the minimum wage is to the equilibrium level
Other things the same, when the interest rate rises,
a. people would want to lend more, making the supply of loanable funds increase. b. people would want to lend less, making the supply of loanable funds decrease. c. people would want to lend more, making the quantity of loanable funds supplied increase. d. people would want to lend less, making the quantity of loanable funds supplied decrease.
If the price a firm charges in a perfectly competitive industry is less than average total cost:
A. the firm is earning positive economic profit. B. the firm is earning zero economic profit. C. the firm is earning negative economic profit. D. it is not possible to determine anything about profits.
Which of the following is NOT an advantage of private equity funds?
A) Private companies are not subject to the same regulations as a publicly traded company. B) Managers of private firms are not under the same level of pressure to produce high returns compared to the managers of publicly traded firms. C) Private equity firms can do a better job in controlling the problems created by moral hazard. D) Private equity funds give managers of the companies higher stakes compared to managers in publicly traded companies.