Discouraged workers are people who have:
A. looked for work in the past year but have given up looking because of the condition of the labor market.
B. not looked for work in the past year but would take a job if one was offered to them.
C. looked for work in the past year but decided to leave the labor market to go back to school, retire, or be a stay-at-home parent.
D. not looked for work in over a year because of the condition of the labor market.
A. looked for work in the past year but have given up looking because of the condition of the labor market.
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A perfectly competitive firm produces so that its marginal cost equals the price
Indicate whether the statement is true or false
Many people do NOT fully insure against risk because
A) they are risk averse. B) the insurance companies are all crooks. C) the insurance offered is less than fair. D) the insurance offered is more than fair.
If an increase in one variable causes a decrease in another variable, this is
A) a direct relationship. B) a dependent relationship. C) an independent relationship. D) an inverse relationship.
Which of the following might be considered to be a characteristic of a planned economy?
What will be an ideal response?