A discouraged worker is one who:
a. is underqualified for his current job
b. dislikes his current job but is afraid to quit.
c. drops out of the labor force because he cannot find a job.
d. quits his job because the possibility of advancement was very low.
e. is overqualified for his current job.
c
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If yesterday the dollar traded for 100 Japanese yen and today 101 yen to the dollar, we would say
A. that the dollar rose in value (appreciated) relative to the yen. B. that the yen fell in value (depreciated) relative to the dollar. C. both of the choices are correct. D. neither of the choices is correct.
Increasing prices tend to decrease interest rates and increase investment spending
a. True b. False Indicate whether the statement is true or false
Monopolists do not have supply curves that are independent of market demand.
Answer the following statement true (T) or false (F)
Sadie works at a factory for $15 an hour and typically works 40 hours a week. Sadie gets a pay raise and now earns $20 an hour. She decides to work 45 hours a week at $20 an hour. Her response to the pay increase demonstrates the:
A. income effect outweighing the price effect. B. price effect outweighing the income effect. C. income effect outweighing the substitution effect. D. labor effect outweighing the price effect.