Which entity produces the greatest proportion of U.S. gross national product?
A) government
B) non-profit organizations such as hospitals
C) firms
D) universities
C
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Andrew is not working, but is available and willing to work after finishing a month-long mission trip for his church. While on his mission, Andrew did not look for work. Andrew is considered
A) unemployed. B) part of the labor force. C) a marginally attached worker. D) a discouraged worker. E) Both answers A and B are correct.
The velocity of circulation of money is the ratio of the real gross domestic product to the money supply
a. True b. False Indicate whether the statement is true or false
Scarcity forces society to confront three critical issues. List those issues and explain how they are related to the problem of scarcity.
What will be an ideal response?
Long term unemployment causes all of the following except
a) depreciation of human capital b) reduced probability of reemployment c) reduced intensity of job search d) increased unemployment insurance replacement rates e) discouraged worker effects and labor market withdrawal