People are classified as unemployed if
A. they choose to exit the labor force because they cannot find a job.
B. they are not working for voluntary reasons.
C. they are willing and able to work but cannot find a job.
D. they do not have a job because they choose to work at home for no pay.
C. they are willing and able to work but cannot find a job.
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? Refer to Table 4-1. At $10, what is the surplus?
A. 4,500 B. 3,000 C. 1,500 D. 0
Between 1967 and 1999, the industrial structure of the U.S. experienced which of the following changes?
(a) The industries experiencing slow or negative growth—primary metals, transportation, mining and steel—sought protection from competition from the federal government. (b) All major nondurable sectors experienced growth. (c) Machinery and electronics experienced rapid growth. (d) All of the above.
What do cooperative firms do if they make a profit?
A) Cooperatives never earn profits, so this issue does not occur. B) Cooperatives must pay their profits to the federal governments as a windfall profit tax. C) Cooperatives must keep half of the profits and return the other half to their members. D) Cooperatives generally return the profits to their members as a dividend.
The movement in U.S. population from the farms to urban areas was caused primarily by
a. each member of a farm family specializing in a particular set of tasks b. a sharp increase in farm productivity c. a decline in the demand for labor in urban areas d. a sharp decline in the demand for agricultural products e. increased education among married women