An Increase in Output Will Cause the Unemployment Rate to Fall

question 334

Multiple Choice

An increase in output will cause the unemployment rate to fall by a larger percentage if

• A) firms are holding excess labor.
• B) firms aren't holding excess labor.
• C) firms have their workers work more overtime.
• D) firms hire workers who were already employed by other firms to work for them part-time.

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Recognize the financial implications of neglecting product quality and safety standards.

Understand the unethical practices in business competition including economic espionage.

Familiarize with laws designed to protect consumer rights including children's privacy and safety.