Author Question: Billy loses his job as a road construction worker and cannot find another position with equivalent ... (Read 115 times)

iveyjurea · **on:** Jun 30, 2018

Billy loses his job as a road construction worker and cannot find another position with equivalent pay and benefits. As a result, he is still checking the want ads and reporting to the unemployment office on a weekly basis. He is considered to be:
a. unemployed.
b. out of the labor force.
c. underemployed.
d. lazy.

Question 2

The recent flexible exchange rate system developed because of:
a. the controversies generated by trade surplus nations wanting to devalue their currencies.
b. the huge debts owed to the IMF by less-developed countries.
c. governments were unable to agree on an alternative to a fixed-rate approach when the Bretton Woods system collapsed.
d. the controversies generated by trade deficit nations wanting to raise the value of their currencies.