What is the term we would use to describe how we would label people or resources used but a less than full capacity?

unemployed once they stop looking for a job.

1. People who are out of work, no longer looking and no longer counted as unemployed are called. ____Discouraged workers ________________________________.(5pts)
2. To be counted as unemployed you must be ____ be out of work and be actively looking for a job.
_______?(5pts)
3.Due to Covid 19 the machines used to produce cement are used 4 hours a day instead of 8 hours a day, construction workers are working 3 days a week instead of 5. What is the term we would use to describe how we would label people or resources used but a less than full capacity? We would say they are ________________.(5 pts)
4. The first round of Covid shots in 2021 were given to people 75 and over. The second round was given to people 65 years old to 75 years old.
a. The people in the second round belong to what population group. (2 pts)
b. Name the population group for round 2. If round 3 is the rest of that population group , how old would the youngest members of that population be ? (3 pts)
5. Lilly is 38.
a. What is her population group called? (2pts)
a. During which years was that population born? (3 pts)
6. According to Adam Smith What are the 2 (out of 3) legitimate roles of government? (10 points)
According to Adam Smith the two out of three legitimate roles of a government are

7. What are the 4 returns to the factors of production. (10 points)
The four returns to factors of production are land, labor, capital, and entrepreneurship.
8. The cost of employer-sponsored health care benefits are expected to approach $16,800 per employee next year. Big employers project that their total cost of providing medical and pharmacy benefits will rise 5 percent for the sixth consecutive year. The total cost of health care, is estimated to average $16,800 per employee in 2021, up from $15,099 last year. Large employers will cover roughly 70 percent of those costs.

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