The Government Should Extend the Duration of Unemployment Benefits to Those

question 40

Multiple Choice

The government should extend the duration of unemployment benefits to those workers who lost their jobs due to outsourcing. This statement is best described as

• A) an example of marginalism.
• B) an example of the fallacy of composition.
• C) a normative statement.
• D) a positive statement.

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Definitions:

Units Produced

A measure of the total number of complete units manufactured or completed in a given period.

Units Sold

The total quantity of products that a company has sold to its customers during a particular time frame.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.

Contribution Margin

The amount remaining from sales revenue after variable expenses are deducted, used to cover fixed costs and generate profits.