The BLS Classifies People Who Would Like to Work but Have

question 18

Multiple Choice

The BLS classifies people who would like to work but have given up looking for a job as

• A)unemployed. If they were classified as out of the labor force, the reported unemployment rate would be larger.
• B)unemployed. If they were classified as out of the labor force, the reported unemployment rate would be smaller.
• C)out of the labor force. If they were classified as unemployed, the reported unemployment rate would be larger.
• D)out of the labor force. If they were classified as unemployed, the reported unemployment rate would be smaller.

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Definitions:

Free Ride

The act of benefiting from a resource, good, or service without contributing to the cost or effort involved in its provision.

Reap Benefits

To receive or gain advantages, improvements, or positive outcomes as a result of actions taken or efforts made.

Customer Interest

The level of curiosity or concern that prospective buyers show towards a product or service, often a critical factor in marketing and sales strategies.

Advertising

The act of promoting products, services, or brands through various forms of media to inform, persuade, or remind consumers.