Which of the Following Statements Is FALSE

question 29

Multiple Choice

Which of the following statements is FALSE?

• A)the availability of unemployment benefits reduces the natural rate of unemployment
• B)the natural rate of unemployment can be reduced by policies designed to affect the composition of the labor force
• C)high rates of unemployment often have a way of perpetuating themselves
• D)the unemployment rate among white males 20 years and older is lower than the overall unemployment rate
• E)even when the economy is at the full-employment level of output, some frictional unemployment still exists

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Definitions:

Variable Direct Materials Cost

The costs of raw materials that vary directly with the level of production output.

Variable Direct Labor Cost

Costs associated with labor that vary directly with the level of production output.

Fixed Factory Overhead Cost

Costs related to the operation of a manufacturing facility that do not vary with production volume, such as rent, salaries, and insurance.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.