All of the following are considered to be unemployed EXCEPT
A. new job entrants.
B. job leavers.
C. job reentrants.
D. discouraged workers.
Answer: D
You might also like to view...
The idea that unequal incomes are unfair generally uses the ________ principle of fairness
A) big tradeoff B) involuntary exchange C) voluntary exchange D) it's not fair if the result isn't fair E) it's not fair if the rules aren't fair
Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the point price elasticity of demand equals
A) -1.5. B) -0.67. C) -4. D) -2.5.
Nascent industries require adequate protection from foreign competition because:
a. they experience economies of scale at the initial stages of production. b. they experience diseconomies of scale at high levels of output. c. the quality of the products of such industries are comparatively inferior than the products of their foreign competitors. d. they could undermine other developed industries by selling higher quality products at lower prices. e. their initial costs of production are considerably high and they incur losses.
If Ross decides to ride his bike this afternoon, he will miss his favorite television show, and he won't have time to study for his economics test. If Ross doesn't ride his bike, he'll choose to watch the television show instead. (He cannot both watch television and study for the test.) Ross's opportunity cost of riding the bike is
a. the value to Ross of watching the television show. b. the value to Ross of studying for the test. c. the value of watching the television show plus the value of studying for the test. d. the value of watching the television show minus the value of studying for the test. e. the value to Ross of riding his bike minus the value of watching the television show.