According to the Bureau of Labor Statistics, to be officially unemployed a person must:
A. be in the labor force.
B. be 21 years of age or older.
C. have lost a job.
D. be waiting to be called back from a layoff.
A. be in the labor force.
Economics
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Mark is an 86-year-old watchmaker who works ten hours a week to supplement his retirement income. In determining the U.S. unemployment rate, Mark would be considered
a. employed b. unemployed c. an involuntary part-time worker d. not in the labor force e. a discouraged worker
Economics
In a diagram, consumer surplus is always represented by the area:
A. above the demand curve. B. between the demand curve and the supply curve. C. between the demand curve and the price. D. below the demand curve.
Economics