Which of these represents an example of citizens who would not typically be counted as unemployed?
A) when your economics professor loses his job and gets a new one at McDonald's
B) when your fourteen-year-old cousin loses her summer job in September
C) when your neighbor has been out of work for so long that he decides to stay at home and write a novel
D) all of the above
E) none of the above
D
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What will happen to the demand curve for tea workers if the price of tea increases, assuming all else equal?
A) There will be an upward movement along the demand curve for tea workers. B) There will be a leftward shift in the demand curve for tea workers. C) There will be a downward movement along the demand curve for tea workers. D) There will be a rightward shift in the demand curve for tea workers.
Suppose that 50 percent of the part-time workers of Metropolis are looking for full-time jobs
Given the data in Table 6.1, if these workers were counted as not employed and looking for work, the unemployment rate of Metropolis would be approximately A) 6 percent. B) 13 percent. C) 16 percent. D) 21 percent.