Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 23 [1 point] Other things equal, if a recession gets worse. the number of discouraged workers , and the number of those in the

image text in transcribedimage text in transcribed
Question 23 [1 point] Other things equal, if a recession gets worse. the number of discouraged workers , and the number of those in the labor force 0 a) decreases; decreases O b) increases; decreases O C) decreases; increases 0 d] increases; increases Question 24 [1 point] Which of the following activities would NOT qualify a person as being in the labor force? 0 a) reading help wanted ads 0 b) using social media to reach out to employers O C) submitting applications via the Internet 0 dl going on interviews Question 25 [1 point] People are considered employed if they are: 0 a) unpaid family workers. 0 b) on strike. 0 C) on vacation. 0 d) All of those listed are considered employed. Question 26 [1 point] Which is a criticism of the official unemployment rate? Q a) It excludes marginally attached workers. 0 b) It does not include people who want to work but stopped searching out of frustration O c) all of the answers are correct 0 d] It includes the underemploved. Question 27 [1 point) The unemployment rate may underestimate the true extent of unemployment if: 0 there are a large number of people working in the underground economy. 0 many people become discouraged and cease looking for work. 0 employees increase the number of hours they work overtime. 0 many people have a part time as well as a full time job. Question 28 [1 point] Jordan Meadows lost his job as an airline pilot and has not been able to find another job as a pilot. Since he is old enough to be eligible for his pension, he decides to retire and devote himself to caring for his elderly parents, According to the Bureau of La par Statistics, Jordan is: O a) not in the laborforce. O b) unemployed. 0 Ci 3 discouraged Worker. 0 d3 employed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

Students also viewed these Economics questions

Question

What do you think your problem does to you?

Answered: 1 week ago