To Be Counted as Unemployed, One Must

question 2

Multiple Choice

To be counted as unemployed, one must:

• A) have had a job previously.
• B) be out of work and be actively looking for a job during the past four weeks.
• C) have had a job before and be actively looking for work.
• D) be actively looking for a job and have at least a high-school diploma or its equivalent.

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Definitions:

Parity Concept

The idea that year after year the sale of a specific output of a farm product should enable a farmer to purchase a constant amount of nonagricultural goods and services.

Parity Concept

A principle in economics that suggests prices, incomes, or interest rates should equalize across different markets or countries, adjusted for exchange rates.

Farm Commodities

Agricultural products such as grains, milk, cattle, fruits, and vegetables that are usually sold to processors, who use the products as inputs in creating food products.

Prices-Paid Index

An economic indicator that tracks changes in the prices paid by manufacturers for inputs, raw materials, and services.