A new entrant is an individual
A) in the labor force whose employment was involuntarily terminated.
B) who used to work full time but left the labor force and has now reentered it looking for a job.
C) in the labor force who quits voluntarily.
D) who has never held a full-time job lasting two weeks or longer but is now seeking employment.
Question 2
More cattle are found to have mad cow disease. As a result, consumer confidence in the safety of beef is shaken. What would an economist predict will happen in the beef market?
A) As consumer preferences move away from beef, there is an upward movement along the beef demand curve.
B) The demand curve will shift to the left.
C) The demand curve does not shift but consumers move to a point lower down the curve.
D) absolutely no change in either the quantity demand or the demand for beef
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