Which One of the Following People Is Not a Member

question 7

Multiple Choice

Which one of the following people is not a member of the labor force?

• A)A full-time student who devotes all her time to her classes.
• B)A person who works 30 hours a week at Burger King and goes to school at night.
• C)The man who was fired last week and is searching for a new job.
• D)The President of the United States.
• E)A professional athlete.

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Definitions:

Production Technology

The methods, processes, and equipment used to produce goods and services.

Input Prices

The costs associated with the inputs required for production, including materials, labor, and overhead expenses.

Future Price

The anticipated cost of a good, service, or financial instrument at a specified future date, often used in futures trading.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of that good that suppliers are willing to sell, typically upward sloping due to the law of supply.