Who among the following individuals will not be a part of the U.S. labor force?
a. An unemployed computer worker who has given up looking for a job
b. A college graduate seeking job after graduation
c. An unemployed person who is not working because of a labor dispute
d. A person who can work only part-time
e. A person who recently moved to a new city and has not yet found a job
a
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Refer to the scenario above. What is the probability of losing?
A) 20% B) 50% C) 75% D) 100%
Say's Law is the idea that
a. in the long run, the economy reaches full employment automatically b. the aggregate production function, along with the labor market, determines the economy's level of output c. total output will always exceed total spending d. whenever a good or service is produced, an equal amount of income is created e. markets always clear
Based on our study of market failure and government failure, the main conclusion that one should arrive at is that
What will be an ideal response?
Refer to the below graph, where TP = total product and L = labor input. The marginal product of labor (MP):
A. Is constant at all levels of L
B. Increases at an increasing rate as L increases
C. Decreases as the labor input L increases
D. Increases at a decreasing rate as L increases