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1. Suppose that you are available for work but have not looked for a job for at least the last four weeks because you believe that no jobs are available. You will then be counted as
A. part of the potential labor force
B. unemployed
C. a discouraged worker
D. underemployed
2. If you are available for work and have looked for a job at some point during the previous twelve months, but have not actively looked during the previous four weeks, you are considered
A. in the labor force but structurally unemployed
B. not in the labor force
C. in the labor force but frictionally unemployed
D. none of the above
Suppose you only consume X(axis) and lemons (Y axis) If coconuts are normal good.Graphically illustrate how to derive an Engel curve utilizing consumer choice theory.
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