Author Question: What is a discouraged worker? How do they affect the unemployment rate? What will be an ideal ... (Read 130 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
What is a discouraged worker? How do they affect the unemployment rate?
 
  What will be an ideal response?

Question 2

The marginal utility from the consumption of a good is equal to the
 
  A) total utility divided by the quantity consumed.
  B) total utility divided by the price.
  C) change in total utility divided by the change in the quantity consumed.
  D) change in total utility divided by the change in price.



bob

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

A discouraged worker is a person without a job, who is available and willing to work, but who has not made specific efforts to find a job within the past four weeks. Essentially, a discouraged worker is someone who wants a job but has grown so discouraged about finding one, he or she has stopped looking. Discouraged workers are not in the labor force so in one sense they do not affect the unemployment rate. However, if they re-enter the labor force to look for work, the unemployment will increase because while they are searching they are now counted among the ranks of the unemployed.

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

For a complete list of videos, visit our video library