A new entrant is an individual
A. in the labor force whose employment was involuntarily terminated.
B. in the labor force who quits voluntarily.
C. who has never held a full-time job lasting two weeks or longer but is now seeking employment.
D. who used to work full time but left the labor force and has now reentered it looking for a job.
Answer: C
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If the minimum wage is above the equilibrium wage rate, then an increase in the minimum wage ________ employment and ________ unemployment
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) does not change; increases
Which of the following would be classified as a short-run decision?
A) A firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies, e.g., shut off lights when leaving a room. B) A restaurant's decision to increase the number of patrons it can accommodate by adding on a new dining room. C) A trucking firm's decision to move to a smaller facility. D) A university's decision to add a new residence hall.
Most of the Fed's liabilities are in the form of: a. Federal Reserve notes. b. checkable deposits
c. U.S. Treasury deposits. d. loans to member banks. e. certificates of deposit.
The 2005 Boston Globe article discussing ticket scalping points out that the price people will pay for tickets will rise when
a. supply and demand are both limited. b. supply is limited and demand is not limited. c. supply is limited and demand is not limited. d. supply and demand are both not limited.