A Person Who Is Not Employed and Claims to Be

question 21

Multiple Choice

A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job is

• A)counted as out of the labor force but should be counted as unemployed.
• B)counted as unemployed but should be counted as out of the labor force.
• C)correctly counted as out of the labor force.
• D)correctly counted as unemployed.

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Definitions:

Exports

Goods or services produced in one country and sold to buyers in another, contributing to international trade.

Global Trade Flow

Refers to the movement of goods and services across international borders, involving various economic activities and exchanges between countries.

Specialization of Labor

The division of labor into distinct tasks, where individuals specialize in specific tasks, improving efficiency and productivity.

Adam Smith

An 18th-century economist known for his writings on classical economics, including the concept of the division of labor and the benefits of free markets.