Underemployment is defined as
A. People seeking full-time paid employment but work only part-time or are employed at jobs below their capability.
B. Individuals desiring to work but who are discouraged by the process and have given up looking.
C. Individuals who are lazy and will not go out looking for a job but say they are looking.
D. People who have been laid off because of a recession and have little chance of finding a job.
Answer: A
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Which of the following serves as the central banker for private banks in the United States?
A. The 12 regional Federal Reserve banks. B. The Executive Branch of government. C. The Board of Governors of the Federal Reserve System. D. The Fed Open Market Committee.
Foreign direct investment in the United States declined 42 percent in the first quarter of 2009. This means that
A) people or firms in other countries reduced their building of facilities or purchases of facilities in the United States by 42 percent in the first quarter of 2009. B) people or firms in the United States reduced their purchases of stocks and bonds in foreign countries by 42 percent in the first quarter of 2009. C) people or firms in other countries reduced their purchases of stocks and bonds in the United States by 42 percent in the first quarter of 2009. D) people or firms in the United States reduced their building of facilities or purchases of facilities in foreign countries by 42 percent in the first quarter of 2009.