Using the official measure of unemployment, which of the following people is considered unemployed?
A) a part-time worker who wishes to work full time
B) a person who gave up looking for jobs because he or she was discouraged about his or her job prospects
C) a person who has been searching for work, but turns down a job paying a lower wage rate than desired
D) a person who is working but expects to be laid off at the end of the month
C
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Suppose a country's net exports equal 0. If the volume of exports increases without any change in the volume of imports, the country will experience a ________
A) budget surplus B) budget deficit C) trade deficit D) trade surplus
If two variables are unrelated, their graph is
A) a curved line. B) an upward-sloping line. C) either a horizontal or a vertical line. D) a downward-sloping line. E) None of the above answers is correct because it is not possible to graph unrelated variables.