Currently,the U.S.economy Is Best Described As

question 56

Multiple Choice

Currently,the U.S.economy is best described as:

• A) A service economy.
• B) A manufacturing economy.
• C) An agricultural economy.
• D) A government economy.

Understand different research methods used in psychology.

Recognize observer and sample bias within psychological research.

Distinguish between individualistic and collectivist cultures and their values.

Comprehend definitions and differences between race, culture, and ethnicity.

---

Definitions:

Adults Not in the Labor Force

Individuals aged 16 years and older who are not actively seeking employment and are not currently employed.

Labor-force Participation Rate

The proportion of the working-age population that is participating in the labor market either by working or actively seeking employment.

People Unemployed

Individuals who are jobless, actively seeking work, and available to take a job.

People Employed

Refers to the number of individuals in a specific area, sector, or economy who are currently working in paid positions.