Multiple Choice
Which of the following best explains the meaning of the term labor force?
A) All people 16 years of age and over who are employed
B) All people between the ages of 16 and 65
C) The population that is 16 years of age or over
D) Any individual who has a job
E) All people 16 years of age and over who are counted as employed or unemployed
Correct Answer:

Verified
Correct Answer:
Verified
Q13: According to the job-rationing explanation of unemployment,<br>A)there
Q14: A lower real wage gives firms an
Q15: If more jobs are created than destroyed
Q16: If both hours worked per employee and
Q17: If more jobs are destroyed than created,
Q19: As the labor force ages, the natural
Q20: Joe works at a local newspaper 20
Q21: Economists agree that the natural rate of
Q22: All else being equal, suppose the nominal
Q23: Which of the following best describes a