Discussed relating to the labor force and unemployment

Assignment Help Business Economics

Reference no: EM131244241

Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false. Explain each answer briefly. Assume that everyone answers surveys honestly and is correctly classified.

a. Some people who are officially classified as unemployed are not in the labor force.

b. Any civilian adult who is not employed is considered as “unemployed.”

c. If some of the unemployed become employed, then the labor force will increase.

d. “Full employment” is when everyone who is looking for a job has found one.

Reference no: EM131244241

Questions Cloud

True regarding markets : Which of the following is TRUE regarding markets? I) Economists define a market as a geographic location where trade occurs. II) A market enables buyers and sellers to get information about each other and to buy and sell from each other. III) Markets..

The marginal benefit of a purse : The most anyone is willing to pay for another purse is $30. Currently the price of a purse is $40, and the cost of producing another purse is $50. The marginal benefit of a purse is

What is the opportunity cost of increasing the production : Point Production of X Production of Y A 0 40 B 3 36 C 6 28 D 9 16 E 12 0 The above table shows production combinations on a country's production possibilities frontier. What is the opportunity cost of increasing the production of X from 0 to 3 units?..

What are the contributions of consumption and investment : Suppose that consumption spending accounts for about 60 percent of GDP on average, while investement and government purchases each account for 20 percent of GDP on average. (Assume that this country has no foreign trade, so exports and imports are ze..

Discussed relating to the labor force and unemployment : Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false.

About the virtue : Write an essay on the topic: Virtue between 3-5 pages

Stranded on a desert island : Homer and Teddy are stranded on a desert island. To feed themselves each day they can either catch fish or pick fruit. In a day, Teddy could pick 60 pieces of fruit or catch 20 fish. Homer could pick 100 pieces of fruit or catch 150 fish. Which of th..

Lifetime savings accounts : Lifetime Savings Accounts, known as LSAs, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $10,000 now and then increases his deposit by $1000 each year through year 20, how mu ch will be in the a..

What is the future worth-compounded continuously : What is the future worth of $1000 in month 1, $1040 in month 2, and amounts increasing by $40 per month through month 12, at the end of year two if the interest rate is 23.7631528% per year, compounded continuously?

User Account

All Pages