Which of the following would cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true degree of joblessness in the economy?
A) people employed in the underground economy
B) unemployed persons who falsely report themselves as actively looking for a job
C) retired people who have no intention of returning to work
D) people with part-time jobs who would prefer to be working full time
D
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It is difficult to make the concept of need useful because it is difficult to define and compare "needs" among people
a. True b. False Indicate whether the statement is true or false
A price ceiling that sets the price of a good below market equilibrium will cause
a. an increase in quantity demanded of the good. b. a decrease in quantity supplied of the good. c. a shortage of the good. d. all of the above.
A reduction in workers' marginal productivity would result in:
A. a reduction in the equilibrium wage rate. B. a decrease in labor supply. C. an increase in labor demand. D. an increase in equilibrium employment level.
The contribution to output growth of technological progress is estimated by how much of the output growth can be explained by the growth in inputs.
Answer the following statement true (T) or false (F)