Jim Brown would like to work, but has not looked for work in the past four weeks because he does not believe any jobs are available. In the official employment statistics, Jim is classified as:
A. out of the labor force.
B. underemployed.
C. employed.
D. unemployed.
Answer: A
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Who among the following is neither employed nor unemployed?
a. Susan, who is currently jobless because of an accident but is available for work b. Greg, who is a doctor working at a community hospital c. Steve, who is a civil engineer working for a construction company d. Izzie, who is currently jobless and has given up her job search due to market-related reasons
If computers and software are complements, then
A) a fall in the price of computers will increase the demand for software and, ceteris paribus, the price of software will rise. B) a rise in the price of computers will decrease the demand for software and, ceteris paribus, the price of software will rise. C) a fall in the price of computers will decrease the demand for software and, ceteris paribus, the price of software will fall. D) a rise in the price of software will increase the demand for computers and, ceteris paribus, the price of computers will rise. E) a fall in the price of software will decrease the demand for computers and, ceteris paribus, the price of computers will fall.