Bo is available and willing to work but has not actively looked for work in the past month. Bo is ________ of the labor force and is ________
A) part; counted as unemployed
B) part; not counted as unemployed
C) not part; not counted as unemployed
D) not part; counted as unemployed only if he has had a job within the last 12 months
E) not part; counted as unemployed regardless of whether or not he has had a job within the last 12 months
C
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The annual insurance premiums for Michael’s Machine Shop have permanently risen because of a recent series of thefts by employees, but there is no change in the premiums paid by Michael's competitors. If machine shops are a competitive constant-cost industry, then in the long run
a. Michael's profit will fall to zero. b. Michael's Machine Shop will be driven out of business. c. the higher fixed costs will have no effect on Michael's pricing and production decisions. d. the demand for service from Michael’s Machine Shop will fall.
The figure above portrays a total revenue curve for a perfectly competitive firm. The firm's marginal revenue from selling a unit of output
A) equals $0.50. B) equals $1.00. C) equals $2.00. D) cannot be determined.
A central bank has ________ chance to identify a credit-driven bubble compared to an irrational exuberance bubble
A) a greater B) less of a C) about the same level of a D) a greater, less or about the same level of a
Suppose First National Bank has $200 million of assets and $20 million of equity capital
If First National has a 2% return on assets (ROA), what is its return on equity (ROE)? Suppose First National's equity capital declines to $10 million, while its assets and ROA are unchanged. What is First National's ROE now?