Multiple Choice
Scenario: Suppose an economy consists of only the following economic agents: 2 million full-time workers, 1 million part-time workers, 1 million people who have been laid off by their employers but are currently looking for employment, 1 million children aged 15 years or younger, and 2 million housewives not looking for jobs.
-Refer to the scenario above.What is the size of the labor force in the economy?
A) 3 million
B) 4 million
C) 5 million
D) 6 million
Correct Answer:

Verified
Correct Answer:
Verified
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