Scenario: Suppose an Economy Consists of Only the Following Economic

question 59

Multiple Choice

Scenario: Suppose an economy consists of only the following economic agents: 2 million full-time workers, 1 million part-time workers, 1 million people who have been laid off by their employers but are currently looking for employment, 1 million children aged 15 years or younger, and 2 million housewives not looking for jobs.
-Refer to the scenario above.What is the size of the labor force in the economy?

• A) 3 million
• B) 4 million
• C) 5 million
• D) 6 million

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Definitions:

Obsessive-compulsive Disorder

A mental disorder where people feel the need to check things repeatedly, perform certain routines repeatedly, or have certain thoughts repeatedly.

Major Depression

A mental disorder characterized by a persistent and severe low mood that affects a person's thoughts, behavior, feelings, and sense of well-being.

Generalized Anxiety Disorder

A chronic disorder characterized by excessive, long-lasting anxiety and worry about nonspecific life events, objects, and situations.

Narcissistic Disorder

A mental condition characterized by a long-term pattern of exaggerated self-importance, the need for excessive attention and admiration, and a lack of empathy for others.