Which of the following individuals would not be included in the labor force?
A. Kit, who has retired and is not looking for work.
B. Divy, who is on temporary layoff from General Motors.
C. Soraya, a recent college graduate, who does not have a job, but has applied for several in the last week.
D. Giles, a physician who chooses to work part-time.
Ans: A. Kit, who has retired and is not looking for work.
You might also like to view...
When the government uses a cap-and-trade approach in dealing with pollution, it
A) uses taxes in order to internalize the externalities caused by the pollution. B) imposes quantitative limits on the amount of pollution firms are allowed to generate. C) uses subsidies to encourage firms to use new technology that reduces pollution. D) distributes information to consumers and producers on how to reduce pollution.
Why would a policymaker risk inflation if workers can just renegotiate their wages?
A) There is a change that workers will not fully anticipated the impact of the policy. B) The policymakers want to look like they are actively involved in the economy. C) Inflation is not a high price to pay in the economy. D) The policymakers do not believe that the workers can renegotiate.