What is a necessary condition for being categorized as unemployed?
A) Being homeless
B) Actively searching for a job
C) Having no source of income
D) Having no hope of finding a job in the foreseeable future
B
You might also like to view...
What is the difference between "straight-time pay," "commission pay," and "piece-rate pay"?
What will be an ideal response?
Suppose Country X produces only two goods, food and clothing. At the initial free-trade equilibrium, the country produced 40 units of food and 20 units of clothing, and it exports 10 units of food and imports 10 units of clothing. Now suppose technological innovation in Country X leads to a balanced growth while leaving the relative prices of food and clothing unchanged in the international market. Production of food in Country X rises to 50 units and production of clothing rises to 25 units. If consumption of food rises to 42 units, we can most reasonably conclude that the
A. consumption of clothing rises to 32 units. B. the size of Country X's trade triangle has increased. C. consumers in Country X are worse off. D. Country X's willingness to trade declines.