People who would like to work full-time, but are able to find only part-time work are:
A. discouraged workers.
B. considered out of the labor force.
C. counted as employed.
D. counted as unemployed.
Answer: C
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Insurance companies create wealth by
a. reducing the amount of risk that the risk averse must bear b. reducing the amount of risk that risk lovers must bear c. increasing the amount of risk that the risk averse must bear d. increasing the amount of risk that risk lovers must bear
The first major piece of prolabor legislation was the
a. Wagner Act b. Norris-LaGuardia Act c. Landrum-Griffin Act d. Civil Rights Act e. Taft-Hartley Act
The present value of $300,000 in 12 years at 4 percent interest is approximately:
A. $187,379. B. $427,126. C. $312,451. D. None of these statements is true.
Under Social Security, the surplus (the excess of tax receipts over benefit payments)
A. does not exist; the system runs at a deficit. B. is invested in the form of US Treasury Notes (i.e. government debt). C. is held in a "lockbox" for current workers when they retire. D. is invested in stocks and corporate bonds.