Which of the Following People Would Be Counted in the Labor

question 176

Multiple Choice

Which of the following people would be counted in the labor force?

• A) Chou, who lost his job and last looked for work three months ago
• B) Stephanie, who holds a Ph.D. in history but can only find part-time employment at a fast-food restaurant
• C) Jordan, who would like to work as a stockbroker but is a stay-at-home father
• D) Stefan, who is a patient in a mental hospital
• E) Monique, age 90, who is enjoying her retirement in Montana

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Definitions:

Per-Unit Costs

The average cost associated with producing one unit of a good or service, calculated by dividing total costs by the number of units produced.

Labor Productivity

A measure of economic performance that calculates the amount of goods and services produced per hour of labor.

Mechanized Transportation

The use of machinery, such as cars, trains, and airplanes, to move goods and people over distances, significantly increasing efficiency and speed compared to traditional methods.

Buggy Whips

A product or service that has become obsolete due to technological advancements or changes in consumer preferences.