Question
I NEED HELP ITS ECONOMICS THESE ARE 5 QUESTIONS 1 Which of the following people would be considered unemployed by the BLS? A nurse who
I NEED HELP ITS ECONOMICS
THESE ARE 5 QUESTIONS
1 Which of the following people would be considered unemployed by the BLS?
A nurse who just got fired for making fun of masks on social media
A person who has decided to take a year off from working to raise their children
Mr. Brunenkant
A professional Fortnite player who earns $70,000 streaming their victories
DeWayne Wade who retired from playing basketball in 2019
If a person purchases fewer bags Hot Cheetos when their favorite flavor of Takis goes on sale, the two products must be..*
2 points
complementary goods
substitutes
inferior goods
normal goods
2 Which person is experiencing economic scarcity?
All of these people are experiencing economic scarcity
A wealthy person trying to decide which couch will fit best in their living room
A poor person who is trying to decide what to cook for dinner
You, when you walk into a store
3 Say an entrepreneur wants to start their own ice cream company. Which of the following would represent "capital" if they want to increase their factors of production?
money
electricity
hiring more employees
a freezer
sugar
4 If you don't like paying taxes and want to save for your retirement, you should open up which type of account?
401K
Roth IRA
Keogh plan
Traditional IRA
5 Which of the following people are considered discouraged workers?
Eminem who has effectively retired from his rap career
A person who takes a year off after college to backpack through Europe
A person with addiction issues who got fired from their job but isn't searching for a new one
All of these are examples of discouraged workers
A relative who sits around all day playing Among Us instead of looking for a job
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