One of the shortcomings of the government's method of measuring unemployment tends to make the official unemployment rate an overestimate of the unemployment problem:
A) people working less than twenty hours a week are counted as unemployed.
B) people seeking part-time jobs are counted as fully unemployed.
C) people who have given up looking for work are counted as fully unemployed.
D) "discouraged workers" aren't counted as unemployed.
B
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If a firm finds that the wage rate (W) is less than the value of marginal product (VMP), then to maximize its profit the firm should hire
A) less labor, which will increase the VMP. B) more labor, which will decrease the VMP. C) no more or less labor, because profits are greatest when W < VMP. D) more labor, because hiring more labor will increase both W and VMP until they are equal.
The CAPM does not consider risk-free investments
Indicate whether the statement is true or false