Mary, an Unemployed Mother, Has Decided to Give Up on Searching

question 9

Multiple Choice

Mary, an unemployed mother, has decided to give up on searching for a job after applying for numerous jobs since last year.Despite sending job applications to several companies, she was not offered a job.In this scenario, Mary is an example of a(n) ________.

• A) discouraged worker
• B) underemployed worker
• C) part-time worker
• D) overemployed worker

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Definitions:

Price

The amount of money expected, required, or given in payment for something.

Export

The act of sending goods or services from one country to another for sale or trade.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit received from the purchase.

World Price

The international market price of a good or service, influenced by global supply and demand.