Underemployment refers to
A. The same thing as unemployment.
B. A person who is not able to use her full capabilities in her job.
C. A discouraged worker.
D. A person who is lazy and not working hard at her job.
Answer: B
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If 6 workers can wash 42 cars a day and 7 workers can wash 50 cars a day, then the marginal product of the 7th worker equals
A) 7.1 cars a day. B) 7 cars a day. C) 42 cars a day. D) 50 cars a day. E) 8 cars a day.
From September 2013 to September 2014, the employment-to-population ratio increased from 58.6 percent to 59.0 percent. This change could have been the result of
A) a decrease in the working-age population. B) unemployed workers becoming part-time workers. C) unemployed workers becoming discouraged workers. D) discouraged workers starting to look for jobs again.