A Full-Time Student Who Is Not Working Is Categorized as

question 173

Multiple Choice

A full-time student who is not working is categorized as

• A)unemployed.
• B)employed.
• C)not in the labor force.
• D)a discouraged worker.
• E)frictionally unemployed.

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Definitions:

Variable Costs

Costs that vary directly with the level of output, such as raw materials and direct labor expenses.

Labor

The human effort, either physical or mental, employed in the production of goods and services.

Materials

Raw elements or substances used in the production or manufacturing of goods.

Variable Costs

Costs that change in proportion to the level of output or activity.