Which of the following people would be counted in the labor force?
a. Chou, who lost his job and last looked for work three months ago
b. Stephanie, who holds a Ph.D. in history but can only find part-time employment at a fast food restaurant
c. Jordan, who would like to work as a stockbroker but is a stay-at-home father
d. Steffan, who is a patient in a mental hospital
e. Monique, age 90, who is enjoying her retirement in Montana
b
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The fraction of the working-age population that is in the labor force is called the
A) labor force participation rate. B) unemployment rate. C) employment rate. D) nonresponse rate.
Which of the following is a valid characteristic of the U.S. economy over the last sixty years?
A) Investment is smoother than most of the other components of GDP, especially consumption. B) Government spending has remained around 20% of GDP over much of the postwar period. C) The U.S. has, for the most part, been running a trade surplus which has trended upward to over 5% of GDP. D) all of the above E) none of the above
In the market for insurance
a. The high risk customers would remain unserved b. The low risk customers would remain unserved c. Both the types of customers would be served d. Neither type of customer would be served
After the imposition of the quota, the quantity demanded of TVs is ________.
A. 40,000 B. 100,000 C. 20,000 D. 80,000