A discouraged worker is one who
a. is underqualified for the current job
b. dislikes the current job but is afraid to quit
c. after a lengthy unsuccessful attempt to find a job drops out of the labor force
d. quits his/her job because the possibility of advancement was very low
e. is overqualified for the current job
C
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A price floor is a
a. fixed point on the supply curve that represents the lowest price a producer will accept b. fixed point on the demand curve that represents the lowest price a consumer will pay c. minimum price set by the government that is positioned above the equilibrium price d. maximum price set by the government that is positioned above the equilibrium price e. maximum price set by the government that is positioned below the equilibrium price
The entire group of buyers and sellers of a particular good or service makes up:
A. the demand curve. B. the equilibrium price and quantity. C. the supply curve. D. a market.
At a supermarket, the price of organic milk increases by 20 percent. According to the law of demand, the sale of organic milk would most likely ______.
a. decrease by 10 percent b. increase by 15 percent c. fluctuate between a 5 percent increase and a 5 percent decrease d. stay approximately the same
The effects of asset price inflation and asset price deflation generally:
A. even out. B. are addressed by policymakers. C. have unequal effects on the economy. D. are unrelated.