Multiple Choice
The market system depends on private property and the protection of property rights to:
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0. Basic Principles of Economics
Introduction to Economics
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A person who cannot get a job despite being willing to work and actively seeking work is considered:
A
underemployed
B
unemployed
C
not in the labor force
D
discouraged worker
Verified step by step guidance1
Understand the definitions of the key terms related to labor market status: 'unemployed', 'underemployed', 'not in the labor force', and 'discouraged worker'.
Recall that 'unemployed' refers to individuals who are willing and able to work, actively seeking employment, but currently do not have a job.
Recognize that 'underemployed' typically describes people who have jobs but are working fewer hours than they would like or are overqualified for their current job.
Note that 'not in the labor force' includes people who are neither working nor actively seeking work, such as retirees or students.
Identify that 'discouraged workers' are a subset of those not in the labor force who have stopped looking for work because they believe no jobs are available for them.
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