In Measuring the Unemployment Rate, Part-Time Workers Are_{-------------}

question 101

Multiple Choice

In measuring the unemployment rate, part-time workers are_{-------------}
and discouraged workers are_{-------------} .

• A)included as unemployed if they are involuntary part-time workers; excluded
• B)included as employed; excluded
• C)excluded; included as unemployed
• D)included as employed; included as unemployed
• E)excluded; excluded

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Definitions:

Government Intervention

Regulatory actions taken by a government in order to affect or interfere with decisions made by individuals, groups, or organizations regarding economic and social matters.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in a stable market condition.

Marginal Consumer

A consumer who is indifferent between purchasing and not purchasing an additional unit of a good, based on the current price.

Social Cost

The total cost of an activity to society, including both private and external costs.