Which One of the Following Persons Would Be Considered Unemployed

question 140

Multiple Choice

Which one of the following persons would be considered unemployed?

• A) a person not working who has given up searching for a job
• B) a part-time worker looking for a full-time job
• C) a construction worker who was laid off due to cold weather
• D) a full-time college student who is not a member of the labor force

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Definitions:

Socially Optimal Price

A price point at which the social cost of producing a good or service is equal to the social benefit derived from its consumption, leading to an efficient allocation of resources.

Units

A standard measure or quantity used as a means of expressing or accounting for something, such as in production, sales, or comparison.

Pollution Permits

Licenses issued by governments that allow the holder to emit a certain amount of pollution; these can be traded in a market.

Interested Parties

Refers to individuals or groups that have a stake or interest in the outcome of a project, decision, or outcome.