Acarapi is a full-time homemaker not currently searching for other work. Ximena is a full-time student who is not looking for a job. Who is included in the labor force by the Bureau of Labor Statistics?
both Acarapi and Ximena
neither Acarapi nor Ximena
Eponine works part-time as a babysitter. The Bureau of Labor Statistics counts Eponine as
unemployed and in the labor force.
unemployed and not in the labor force.
employed and in the labor force.
employed and not in the labor force.
In 2004, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non-institutionalized population was 109.684 million, the labor force was 65.760 million, and the number of people employed was 62.630 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about
57.1% and 2.9%.
57.1% and 4.8%.
60% and 2.9%.
60% and 4.8%.
When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a
shortage of labor and a shortage of jobs.
shortage of labor and a surplus of jobs.
surplus of labor and a shortage of jobs.
surplus of labor and a surplus of jobs.
Quinn, the CEO of a corporation operating in a relatively poor country where wages are low, decides to raise the wages of her workers even though she faces an excess supply of labor. Her decision
might increase profits if it means that the wage is high enough for her workers to eat a nutritious diet that makes them more productive.
will help eliminate the excess supply of labor.
may cause her workers to increase shirking (slacking off).
All of the above are correct.
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