Nick is a 75-year-old professor. He teaches only one or two courses a year, but he's still pursuing an active research agenda.Not in the labor force Rosa is a 36-year-old autoworker who was just laid off by her employer. She is trying to find any kind of job to help make ends meet.Not in the adult population Tim is a 43-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago. Crystal is a 31-year-old science teacher who taught at West Valley Middle School last year. Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor. Brian is a 20-year-old American Studies major at the University of Tennessee. It's summer now, and he is working as a lifeguard in Mobile, Alabama. Alyssa is a 12-year-old student at East Valley Middle School. She babysits her younger brother and does other chores, so her parents give her an allowance of $30 per week.options: employednot in adult populationsnot in labor forceunemployed

Employed workforce means the people that have a job and are in the labor force. Unemployed means the…

Answered: Nick is a 75-year-old professor. He…

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter2: The One Lesson Of Business

Section: Chapter Questions

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Nick is a 75-year-old professor. He teaches only one or two courses a year, but he's still pursuing an active research agenda.	Not in the labor force
Rosa is a 36-year-old autoworker who was just laid off by her employer. She is trying to find any kind of job to help make ends meet.	Not in the adult population
Tim is a 43-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago.
Crystal is a 31-year-old science teacher who taught at West Valley Middle School last year. Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor.
Brian is a 20-year-old American Studies major at the University of Tennessee. It's summer now, and he is working as a lifeguard in Mobile, Alabama.
Alyssa is a 12-year-old student at East Valley Middle School. She babysits her younger brother and does other chores, so her parents give her an allowance of $30 per week.

options: employed

not in adult populations

not in labor force

unemployed

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