Mike recently lost his job as a construction worker. During this unemployment spell, Mike actively searched for work but recently took a job that paid cash "under the table" while he continued to search and collect unemployment payments. Mike would be considered __________ by the Bureau of Labor Statistics but his inclusion would cause the officially reported unemployment rate to __________ the
true unemployment rate.
a. an involuntary part-time worker; overestimate
b. a discouraged worker; underestimate
c. unemployed; underestimate
d. unemployed; overestimate
e. employed; equal
D
You might also like to view...
A country producing a combination of 9 units of guns and 6 units of butter would be _____________ (outside/on/inside) the production possibilities curve.
Refer to Figure 14-8 Use the decision tree to determine whether Microsoft should deter Toshiba from entering the market for electronic book readers (e-readers). Assume that each firm must earn a 20% return on investment to break even
Explain Microsoft's decision process.
The total cost of an accident is equal to the ________ plus the ________.
A) expected cost of the bad outcome; the cost of actions taken to decrease the expected cost of the bad outcome B) expected cost of the bad outcome; the cost of actions taken to increase the expected cost of the bad outcome C) expected marginal cost of the bad outcome; the fixed cost of actions taken to decrease the expected cost of the bad outcome D) expected marginal cost of the bad outcome; the cost of actions taken to increase the expected cost of the bad outcome
Refer to Figure 34.3. The disincentive to work caused by this welfare program
A. Exists at all income levels. B. Ends as soon as any income is earned. C. Ends at $10,000. D. Ends at $5,000 where benefits equal wages.