People who have dropped out of the labor force and who are no longer looking for a job because they believe the job market has little to offer them are classified by the Labor Department as
A) discouraged workers. B) wage-rate busters.
C) unemployed. D) non-participants.
Question 2
One of the principles behind the concept of the circular flow is that
A) in every economic exchange, the seller receives exactly the same amount that the buyer spends.
B) in every economic exchange, the seller receives less than the amount that the buyer spends.
C) in exchange involving products, the seller receives less than the amount the buyer spends, but in resource markets the seller receives more than the buyer spends.
D) the seller of goods receives exactly the same amount that the buyer spends, but the seller of resources receives less than the buyer spends.
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