Use the Table Below to Answer the Following Questions

question 22

Multiple Choice

Use the table below to answer the following questions.
Table 21.2.1
This table shows the answers given by interviewees to the Labour Force Survey.

-In Table 21.2.1, which person is a discouraged searcher?

• A)A
• B)B
• C)C
• D)D
• E)none of them

---

Definitions:

Perfect Complements

Goods that are consumed together in fixed proportions, where the utility derived from consuming the combination is greater than the sum of utilities from consuming the goods separately.

Pure Exchange Economy

An economic model where there is no production, and agents trade endowments of goods that they own initially.

Utility Function

A mathematical representation of how consumers rank different bundles of goods according to the levels of satisfaction those goods provide.

Numeraire

A standard unit of account in economics used to compare the value of goods and services.