Asked by Tyler Maruska on May 19, 2024
Verified
Which of the following people would be counted in the labor force?
A) Chou,who lost his job and last looked for work three months ago
B) Stephanie,who holds a Ph.D.in history but can only find part-time employment at a fast food restaurant
C) Jordan,who would like to work as a stockbroker but is a stay-at-home father
D) Steffan,who is a patient in a mental hospital
E) Monique,age 90,who is enjoying her retirement in Montana
Labor Force Count
A measure of the total number of people actively participating in the workforce, including both the employed and those actively seeking employment.
History Ph.D.
An advanced academic degree focused on the study of history, emphasizing research, analysis, and the dissertation of a unique historical topic.
Stay-at-Home Father
A father who has chosen to forego paid employment to stay at home and care for his children.
- Elucidate and contrast between the classifications of employed, unemployed, discouraged workers, and people not engaged in the labor force.
- Determine the magnitude of the labor market and its constituents.
Verified Answer
SP
Saraid PintoMay 22, 2024
Final Answer :
B
Explanation :
Stephanie is counted in the labor force because she is working, even if the job is part-time and not in her field of study. The labor force includes all employed and unemployed individuals who are actively seeking work.
Learning Objectives
- Elucidate and contrast between the classifications of employed, unemployed, discouraged workers, and people not engaged in the labor force.
- Determine the magnitude of the labor market and its constituents.