Discouraged workers are included in

a. the number of unemployed.
b. frictional unemployment.
c. the labor force.
d. None of the above is correct.

d

Economics

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(Consider This) The story about three sellers of Native American arts and crafts best illustrates the idea of:

A. strategic behavior. B. excess capacity. C. the role of advertising. D. product differentiation.

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In order to “defend” its overvalued currency, Argentina in 2002 had to reduce its

A. interest rates. B. tax levels. C. holdings of foreign reserves. D. balance of payments surpluses.

Economics