Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 22, Problem 1MCQ
To determine

The Bureau of Labor definition of unemployment.

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Anna recently graduated from college with a degree in electrical engineering, but she has not yet started working. To be counted as “unemployed” she a.        does not have to have looked for work.          b.       must have looked for work no more than a week ago.             c.        must have looked for work no more than four weeks ago.     d.       must have looked for work no more than twelve weeks ago.
Economics The Raleigh City Council has just voted to levy a sizable per-garage-space tax on single family homes, arguing that garages, and especially multi- car garages, are an excellent indicator of the earnings of the residents. Why would the City want to impose such a tax? What are some potential problems with this tax? What changes in single- family homes might you predict if the new tax is implemented? And what changes in the amount of home building might you expect relative to Chapel Hill or Durham?
An unemployed person is    A person who wants a to work but does not look for oneA person who is actively seeking a paid jobA university graduateA volunteer who does charity work
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