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For each of the following, indicate if the person would be classified as employed, unemployed, or not in the labor force (a) a 70-year-old man who left his job to help his daughter in her business for 10 hours a week, (b) a 20-year-old college student who is out of school for the summer and is looking for a job, (c) a 30-year-old woman with a Ph.D. in history who has not been able to find a teaching position and is driving a cab 30 hours a week, and (d) a 40-year-old steel worker who isn't working and has given up searching for a job.
Holding Out
The act of not agreeing or yielding in a negotiation or discussion, with the aim of achieving a more favorable outcome.
Sanctioned
Given authoritative approval or permission; also can mean subjected to a penalty for wrongdoing.
Third Party's Expertise
The specialized knowledge or skill possessed by an external individual or entity, which can influence or contribute to a situation or negotiation.
Procedural Nature
Describes the characteristic of being based on or adhering to established procedures or methods.
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