Economists Define the Labor Force to Include

question 33

Multiple Choice

Economists define the labor force to include

• A) only people who are working full time.
• B) people who are working.
• C) people who are not working but are actively looking for a job, and people who are working.
• D) all individuals of working age, regardless of whether they are working or looking for a job.

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Definitions:

Mortgage Lien

A legal claim or right a lender has on a property as collateral for a debt owed by the property owner, which allows the lender to foreclose if the loan is not repaid.

Doctrine

A belief, principle, or body of principles taught or advocated, as by a religious, philosophical, or political group.

Escrow

A legal arrangement in which a third party temporarily holds money, property, or documents until certain conditions are fulfilled.

Real Estate

Property consisting of land or buildings, and the natural resources of the land including uncultivated flora and fauna, farmed crops and livestock, water, and mineral deposits.