The labor force consists of
A) the number of people who unemployed and who are actively seeking work.
B) the number of people who are employed.
C) the number of people who are employed minus the number of the people who are unemployed.
D) all people in the population aged 16 and over who are not in jail, a hospital, or an institution or in the U.S. Armed Forces.
E) the number of people in the working-age population who are employed or unemployed.
E
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Use the information in Scenario 4.2. Suppose that the price of artichokes is increased slightly from $10. The total expenditure by consumers on artichokes will ________ and the number of artichokes sold will ________
A) rise, rise B) rise, fall C) fall, rise D) fall, fall
Bonnie is a self employed. She makes floral arrangements in a building she rents. She owns the delivery vehicle and has hired a delivery driver. She is an example of
A) entrepreneurial ability. B) labor. C) physical capital. D) human capital.