Some Individuals Would Like to Have a Job,but They Have

question 68

Multiple Choice

Some individuals would like to have a job,but they have given up looking for a job after an unsuccessful search.These individuals are called

• A)detached workers,and they are classified by the Bureau of Labor Statistics as unemployed.
• B)detached workers,and they are not classified by the Bureau of Labor Statistics as unemployed.
• C)discouraged workers,and they are classified by the Bureau of Labor Statistics as unemployed.
• D)discouraged workers,and they are not classified by the Bureau of Labor Statistics as unemployed.

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Definitions:

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both the private costs and any external costs.

Market Price

The current rate at which a product or service is available for purchase or sale in an open market.

Congestion Fee

A congestion fee is a charge imposed on users of a crowded public goods, such as city roads or public transit systems, intended to reduce traffic congestion and improve air quality.

Internalize Costs

The process of ensuring that businesses or individuals take into account the external costs they impose on society in their decision-making.