Not counting _____ as unemployed understates unemployment
a. children
b. retired persons
c. students
d. people who do not want to work
e. discouraged workers
e
You might also like to view...
Holding other factors constant, technological progress ________ the real wage and ________ employment.
A. decreases; increases B. increases; decreases C. increases; does not change D. increases; increases
Developing countries that concentrate production in agricultural products or raw materials may face a secular decline in their international terms of trade due to
A) sluggish demand for these products in developed countries. B) large increases in the supplies of these products on world markets due to export expansion policies. C) inelastic demand for these products in developed countries. D) All of the above.
If individuals make intertemporal choices using "hyperbolic discounting", this may create inefficient choices because individuals will: a. not take account of their time preferences
b. make choices that are inconsistent over time. c. have a preference for only consuming in the future. d. confuse nominal and real interest rates.
Which of the following features does a free-trade area necessarily have?
A. Absence of trade barriers among the member nations B. Harmonization of all economic policies C. Free movement of factors of production across the member nations D. Equal tariff rates