Which of the following persons is NOT considered a part of the labor force?
A) Mary, who has a part-time job as a day care specialist
B) Lones, an unemployed mechanic looking for a new job
C) Jameson, an accountant who has been temporarily laid off during the holiday season
D) Desire, a wealthy hedge fund manager who just took early retirement
E) Lucy, who works 20 hours a week in her father's restaurant for no pay
D
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A reason the production possibilities frontier exists is
A) unlimited resources and technology. B) scarcity of resources. C) scarcity of resources and unlimited technology. D) unemployment. E) that people's wants are unlimited.
Which of the following is most likely to increase productivity growth, as measured using GDP statistics?
a. Reduced capital formation b. Decreased human capital c. Increased research and development d. Increased government regulation e. Higher price of a raw material