Which of the following people would be considered unemployed?
A) Sam, a part-time worker who wishes to work full time
B) Pat, who gave up looking for a job because he was discouraged about his job prospects
C) Victoria, who does not have a job and has been actively searching for work, but turned down a job paying less than she desired
D) Shirley, who is working but expects to be laid off at the end of the month
E) Bobby, a full-time student in his last term before he graduates and who has not yet started to look for a job
C
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Globalization has depressed wages in western industrialized countries, particularly those for
A) highly skilled workers. B) highly educated workers. C) semi-skilled workers. D) low skilled workers.
Why might a politician start a costly spending program if its costs exceed its social benefits?
A. The costs cannot be measured therefore the politicians focus on the benefits which are explicit. B. The politician is trying to find ways to raise more money for the next election. C. Voters do not care about the costs of programs, as long as their taxes do not go up. D. The politician gains prestige and voters are not well informed of the benefits and costs.