What determines if a person is in the labor force?
What will be an ideal response?
Workers who have a job and workers who are unemployed are in the labor force. To be "officially" counted as unemployed, and thus in the labor force, means that the person does not have a job but is available and willing to work and has made some effort to find work within the past four weeks, or waiting to be called back to a job from which he or she has been laid off, or waiting to start a new job within 30 days.
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Refer to the scenario above. What is the opportunity cost of printing one magazine?
A) 1 notebook B) 2 notebooks C) 15 notebooks D) 30 notebooks
When economists say the demand for a product has increased, they mean the...
What will be an ideal response?
When you choose the best action for each situation
a. situational leadership b. participative leadership c. autocratic leadership d. laissez faire leadership
The information on a demand curve is also on a(n)
A. budget constraint. B. indifference curve. C. income-consumption curve. D. price-consumption curve.