Kathryn chooses to go to college full-time rather than to work. Kathryn:
a. is not part of the labor force.
b. is part of the labor force and what economists call a discouraged worker.
c. is part of the labor force, but not actively seeking work.
d. is considered employed.
Question 2
If real incomes in foreign nations were growing less rapidly than U.S. real incomes, one would expect that as a result,
a. the exchange value of the dollar would decline relative to other currencies.
b. the exchange value of the dollar would increase relative to other currencies.
c. there would likely be no effect on the exchange value of the dollar relative to other currencies.
d. there would be an indeterminate effect on the exchange value of the dollar relative to other currencies.
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