The Phantom Unemployed Are

question 91

Multiple Choice

The phantom unemployed are

• A)Not part of the labor force because they do not desire to work.
• B)Unemployed and cause the unemployment statistic to overstate the level of unemployment.
• C)Discouraged and cause the unemployment statistic to understate the level of unemployment.
• D)Classified as cyclically unemployed.

---

Definitions:

Invest Abroad

Investing abroad involves putting capital into business ventures or markets outside one's own country to diversify investments and potentially gain higher returns.

Microfinance Loans

Small loans provided to individuals or groups in impoverished areas, intended to spur entrepreneurship and alleviate poverty.

Traditional Bank Loans

Traditional bank loans refer to fixed amounts of money borrowed from banks, with specified repayment terms, including interest, over a set period.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the borrower fails to repay.