Who Among the Following Is NOT Considered to Be in the Labour

question 94

Multiple Choice

Who among the following is NOT considered to be in the labour force?

• A)A student who works part- time.
• B)A person who is not working and who has not tried to find a job.
• C)A person who is not working but who has tried to find a job in the past week.
• D)A person who is waiting to start a new job in the next 4 weeks.

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Definitions:

Marginal Cost

Marginal cost refers to the added expense incurred from producing one more unit of a product or service.

Marginal Benefit

The increase in satisfaction or utility experienced from the consumption or production of one additional unit of a good or service.

Market Failures

Situations where market outcomes are not efficient, often justifying government intervention.

Better Business Bureaus

Organizations that provide information about businesses, handling consumer complaints and promoting ethical business practices.