This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is true of a frictionless labor market? A) The quantity of ... (Read 66 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
Which of the following statements is true of a frictionless labor market?
 
  A) The quantity of labor demanded always exceeds the quantity of labor supplied.
  B) Firms can instantly hire and fire workers.
  C) The quantity of labor supplied always exceeds the quantity of labor demanded.
  D) All firms pay below the equilibrium wage rate.

Question 2

Suppose a 23-year old graduate student is looking for a full-time job , but has to take a part-time job instead. He or she will be categorized in the Current Population Survey as ________ when calculating the unemployment rate.
 
  A) employed
  B) a discouraged worker
  C) not in the labor force
  D) unemployed
  E) underemployed


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cadimas

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


lbcchick

  • Member
  • Posts: 550
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Proportion of Women and Men in the U.S. Labor Force Proportion of Women and Men in the U.S. Labor Force
Examples of Mission Statements Examples of Mission Statements
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
A buffer solution is prepared using 0.5 moles of a weakly basic drug and an unknown quantity of ... A buffer solution is prepared using 0.5 moles of a weakly basic drug and an unknown quantity of ...
Video: Dendrite Animation

For a complete list of videos, visit our video library