Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska. That year, Professor Simpson would be officially counted as:
A. structurally unemployed.
B. frictionally unemployed.
C. not in the labor force.
D. employed.
D. employed.
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If it is difficult for a firm to attribute the output it produces to a particular worker then
A) a piece-rate system of compensation will be preferable to a salary system. B) a salary compensation system will be preferable to a commission system. C) its employees are likely to form a union. D) a commission system of compensation will be preferable to a salary system.
The consolidation in the financial industry into fewer and larger firms:
A. Progressed further in the Financial Crisis of 2007-2008 B. Halted in the Financial Crisis of 2007-2008 C. Slowed down in the Financial Crisis of 2007-2008 D. Was reversed in the Financial Crisis of 2007-2008