Discouraged Workers Are Counted As

question 37

Multiple Choice

Discouraged workers are counted as:

• A) part of the labour force.
• B) out of the labour force.
• C) employed.
• D) unemployed.

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Definitions:

Output Quantity

Output Quantity refers to the amount of goods or services produced by a company, sector, or economy within a specified period.

Purely Competitive Producer

A firm that is one of many in a market producing identical products, where it has no power to set prices due to market forces.

Produce At A Loss

Operating a business or producing goods in such a way that the costs exceed the revenue, resulting in financial losses.

Short-Run Supply Curve

A supply curve that shows the quantity of a product a firm in a purely competitive industry will offer to sell at various prices in the short run; the portion of the firm’s short-run marginal cost curve that lies above its average-variable-cost curve.