An unemployed person is
A. one who is eligible to work but chooses not to work.
B. one who is not working.
C. a person without a job who is actively seeking and available for work.
D. one who can only find jobs that are below his abilities.
Ans: C. a person without a job who is actively seeking and available for work.
Economics
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If all income is consumed in a year, then
A) income next year will increase. B) investment spending will be zero. C) any investment spending will be done by the government. D) investment spending will increase.
Economics
Give an example of someone who works in a noncompeting labor market. Explain your choice
Economics