Which of the Following Statements Is True Concerning Unemployment Among

question 12

Multiple Choice

Which of the following statements is true concerning unemployment among young people in the United States, France, and Spain?

• A)Spain has the highest level of unemployment of these three countries and the smallest percentage of young people living with their parents.
• B)The United States has the highest level of unemployment of these three countries and the highest percentage of young people living with their parents.
• C)The United States has the highest level of unemployment of these three countries and the smallest percentage of young people living with their parents.
• D)Spain has the lowest level of unemployment of these three countries and the smallest percentage of young people living with their parents.
• E)The United States has the lowest level of unemployment of these three countries and the smallest percentage of young people living with their parents.

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Definitions:

Average Product

The output per unit of input, such as the average amount of goods produced per labor hour.

Total Product

The total output of goods or services produced by a firm in a given period of time.

Marginal Product

The additional output resulting from using one more unit of a particular input, holding all other inputs constant.

Unit of Labor

A measure of labor input, often referred to as one hour of work by an employee or worker.