Suppose that Mel (who is 27 ) is not working, but looked for a job as recently as 2 months ago. Mel would like a job and he is available for work. He is considered
A) unemployed.
B) a member of the labor force and unemployed.
C) a member of the labor force, but not unemployed.
D) a member of the working-age population
E) a marginally attached worker.
E
Economics
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Teenage unemployment is higher than unemployment of people ages 20 and over. Explain why economists would attribute at least part of this difference to minimum-wage laws
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A trade union would likely not try to maximize
A. members in the union. B. income received by workers in the relevant industry. C. the number of workers employed in the relevant industry. D. net social welfare.
Economics