Which of the Following People Would Be Officially Considered Unemployed

question 20

Multiple Choice

Which of the following people would be officially considered unemployed?

• A) Mitchell,who is a full-time student working part-time at the bookstore
• B) Janice,who is actively seeking a full-time job while currently working at a part-time job
• C) Jade,who has stopped looking for a job because she feels there are no jobs available for her
• D) Jenna,who just graduated college and is searching for a job that fits her graphic-design skills
• E) Ralph,who is a stay-at-home father and is not currently looking for a job

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Definitions:

Goods and Services

The output produced by an economy, including tangible products (goods) and intangible activities (services) that fulfill the needs or wants of consumers.

Profitable

A financial status where the income earned is greater than the expenses incurred, leading to a positive net income.

Invisible Hand

A concept proposed by Adam Smith, describing the self-regulating nature of the marketplace that guides individuals to unintentionally promote societal benefits through their own self-interest.

Self-Interest

Acting in a way that is most personally beneficial, often guiding economic decisions and behaviors.