How does the Current Population Survey determine if a person should be counted in the labor force?

What will be an ideal response?

To be in the labor force, a person must either be employed or unemployed. To be counted as "employed," in the week prior to the survey the person must either have worked for pay for one hour or more or else worked without pay for fifteen hours or more in a family-owned business or else been temporarily absent from his or her job. To be counted as unemployed in the survey, the person must have had no job, been available for work, and either made specific efforts to find work within the previous four weeks or else be waiting to be recalled to a job from which they were laid off.

Economics

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Do people's incomes result from the choices they make?

A) Yes, and from no constraints whatsoever. B) Yes, but from among a limited set of options. C) No, because obviously no one would choose to be poor. D) No, because others often will not let people have what they choose.

Economics

How can the economy of Canada be characterized?

a. free market b. centrally planned c. mixed, but on the side of centrally planned d. mixed, but on the side of free market

Economics