Consider Two People Who Are Currently Out of Work

question 23

Multiple Choice

Consider two people who are currently out of work. Bernie is not looking for work because there have been many job cuts where he lives and he doesn't think it likely that he will find work. Bev is not currently looking for work, but she would like a job. While she hasn't looked for work for some time, she has looked for work in the past. How does Statistics Canada consider Bernie and Bev?

• A) Statistics Canada considers both Bernie and Bev to be discouraged searchers.
• B) Statistics Canada considers neither Bernie nor Bev to be discouraged searchers.
• C) Statistics Canada considers only Bernie to be a discouraged searcher.
• D) Statistics Canada considers only Bev to be a discouraged searcher.

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Definitions:

Supply Equation

A mathematical representation showing the relationship between the quantity of goods suppliers are willing to produce and various influencing factors like price and production costs.

Per-Unit Tax

A tax imposed on a product based on a fixed amount for each unit sold, affecting the supply curve by increasing the cost of production.

Units Sold

The number of individual items or products that have been sold over a specific period.

Elasticity

A measure of how much the quantity demanded or supplied of a good or service changes in response to price or other factors.