Which of the following people would be counted in the labor force?
a. Chou, who lost his job and last looked for work three months ago
b. Stephanie, who holds a Ph.D. in history but can only find part-time employment at a fast food restaurant
c. Jordan, who would like to work as a stockbroker but is a stay-at-home father
d. Steffan, who is a patient in a mental hospital
e. Monique, age 90, who is enjoying her retirement in Montana
b
Economics
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What are the basic arguments of the classical growth theory?
What will be an ideal response?
Economics
Economists refer to land, labor, and capital as the factors of production. Land in this context refers to natural resources. Given this definition, which is not land?
a. water b. oil c. forests d. highways
Economics