In calculating the unemployment rate, part-time workers over the age of 16 are counted as
A) not in the labor force.
B) employed if they are part-time workers for noneconomic reasons and unemployed if they are involuntary part-time workers.
C) not in the working-age population.
D) unemployed.
E) employed.
E
Economics
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An example of a money flow in the circular flow diagram is
A) a student's payment of tuition to her university. B) the government's operation of the court system. C) the government's financing of the national debt. D) a firm's production of goods to sell to a foreign country. E) a farmer's use of land to grow wheat.
Economics
Legally established titles to the ownership, use, and disposal of factors of production are referred to as
A) property rights. B) Coase rights. C) pollution rights. D) emission rights. E) price-setting rights.
Economics