**Question:**A person who has no job, wants a job, but is not looking for a job does not count as unemployed.- True- False**Explanation:**In labor economics, individuals who are not actively seeking employment are not classified as unemployed. They are often categorized as "not in the labor force." To be counted as unemployed, a person must be without a job and actively looking for work.

Unemployment refers to the state of joblessness during which an individual lacks a paid employment…

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A person who has no job, wants a job, but is not looking for a job does not count as unemployed. O True False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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