A discouraged worker is someone who

A. is employed.
B. is unemployed.
C. is not in the labor force.
D. has been fired.


Answer: C

Economics

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Commodity money is a good

A) that is designated as money by law. B) used as money that has no intrinsic value. C) used as money that has no secondary use. D) used as money that also has value independent of its use as money.

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To economists, a game is:

A. a trivial pursuit that should not be used to analyze the economy or its actors. B. any situation in which players pursue strategies designed to achieve their goals. C. a way to simplify and minimize the true importance of situations like war. D. All of these statements are true.

Economics

Suppose a manager's preferences depend only on profit. Such a manager will then have an indifference curve that:  

A. is tangent to the profit curve at a quantity exactly equal to 2.5. B. is tangent to the profit curve somewhere between quantities of 0 and 2.5. C. intersects the profit curve at a quantity exactly equal to 5. D. is tangent to the profit curve somewhere between quantities of 2.5 and 5.

Economics

The ________ unemployment rate can be pushed below the ________ rate, but only in the short run and not without inflation.

A. frictional; structural B. natural; cyclical C. measured; natural D. cyclical; frictional

Economics