Leaving the Labor Force, Even If for Increasingly Brief Periods

question 24

Multiple Choice

Leaving the labor force, even if for increasingly brief periods of time, is called

• A) overemployment.
• B) labor force discontinuity.
• C) token employment.
• D) re-employment disclamation.

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Definitions:

Beef

The flesh of a cow, steer, or bull raised and killed for its meat.

Price Elasticity of Demand

The response level of the demand for a product to variations in its price, determined by dividing the percentage change in the demanded quantity by the percentage change in the price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Unit Elasticity

Demand or supply for which the elasticity coefficient is equal to 1; means that the percentage change in the quantity demanded or quantity supplied is equal to the percentage change in price.