Which of the Following People Would Be Counted Among the Unemployed

question 98

Multiple Choice

Which of the following people would be counted among the unemployed?

• A)a new college graduate selling newspaper advertising part-time while looking for other work
• B)a new college graduate selling newspaper advertising full-time while looking for other work
• C)a new college graduate selling newspaper advertising part-time and not looking for other work
• D)a new college graduate who gets tired of selling newspaper advertising and takes off on a motorcycle trip to Alaska
• E)a new college graduate not qualified for any of the jobs available in his small town

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Definitions:

Entrepreneurship Reflects

Describes the act of initiating, designing, and running a new business, often seen as a solution to economic needs or as an opportunity for innovation.

Market Power

The ability of a firm that is not a pure monopolist to earn persistently large profits, indicating that it has some monopoly power. Because the firm has few (or weak) competitors, it has a degree of freedom from vigorous competition.

Soviet Bloc

The group of communist states of Central and Eastern Europe, including the Soviet Union, that existed during the Cold War.

Capital Markets

Financial markets for buying and selling equity and debt instruments, facilitating the raising of capital by companies and governments.