The U.S. Department of Labor may underestimate the severity of unemployment for all of the following reasons except
A. discouraged workers are not considered part of the labor force.
B. many workers are "underemployed," occupying jobs well below their levels of skills and education.
C. surveys of household members are likely to produce a rosier picture of employment circumstances than actually exists.
D. Many households earn far less income than they desire.
E. part-time workers are grouped among the employed, even though they desire full-time employment.
D. Many households earn far less income than they desire.
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The supply curve of a good or service is the same as
A) the demand curve. B) the marginal benefit curve. C) the marginal cost curve. D) the total surplus curve. E) None of the above answers is correct.
Using the data in the above table, the unemployment rate is
A) 4.0 percent. B) 4.16 percent. C) 5.55 percent. D) 28.0 percent.
Often the best way for a firm to convey information to consumers about the quality of a product is to spend money on creating well-known brand names and the provision of guarantees
a. True b. False Indicate whether the statement is true or false
Workers earn less than half of the income generated by the production process
a. True b. False Indicate whether the statement is true or false