To Be Counted as Part of the Labor Force, a Person

question 2

Multiple Choice

To be counted as part of the labor force, a person must:

• A)be less than 65 years old.
• B)have worked at some time in the past.
• C)be employed in some productive activity.
• D)be working or actively looking for work.
• E)be above 16 years of age.

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Definitions:

Socialist System of Economy

An economic system where the means of production are owned and controlled by the state or public, aiming for equal distribution of wealth and resources.

Discount Sale

A sales promotion technique where products or services are sold at a price lower than their original price to stimulate demand.