A full-time student who is not working is categorized as
A) unemployed.
B) employed.
C) not in the labor force.
D) frictionally unemployed.
E) a discouraged worker.
C
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Suppose the average productivity of workers in Country A is equal to that of workers in Country B. If Country A has higher total efficiency units of labor than Country B, it implies that ________
A) Country B has a larger supply of workers B) Country A has a larger supply of workers C) Country B has a larger stock of capital D) Country A has a larger stock of capital
In order to draw an individual's budget line, we must know
A) prices and preferences. B) prices and income. C) income and preferences. D) prices, income, and preferences.
In its simplest form, purchasing power parity would mean that a good in one country
A) would have the same exchange-rate adjusted price in another country. B) will be available for sale in another country. C) will reflect the exchange rate in another country. D) will reflect the transportation cost differences in another country.
Which of the following would not lead to a shift in an economy's production possibilities curve?
a. Change in technology. b. Change in the number of resources. c. An earthquake. d. Improvement in the education level. e. Change in the composition of current output.