If Alice,age 32,worked 12 Hours as a Paid Employee the Week

question 55

Multiple Choice

If Alice,age 32,worked 12 hours as a paid employee the week before the Labour Force Survey,Alice is classified as ________ when calculating the unemployment rate.

• A)a discouraged worker
• B)underemployed
• C)unemployed
• D)employed
• E)not in the labour force

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Definitions:

Risk-Free Asset

A theoretical financial instrument that offers guaranteed returns with no risk of financial loss, often represented by government bonds.

Strike Price

The price at which the holder of an option can buy (in a call option) or sell (in a put option) the underlying security.

Intrinsic Value

The actual value of a company or an asset based on underlying perception of its true value including all aspects of the business.

November 45 Call

A call option that gives the holder the right to buy a particular stock at a price of $45 per share, expiring in November.