Which of the Following Constitutes the Labour Force

question 13

Multiple Choice

Which of the following constitutes the labour force?

• A) the number of people who are employed
• B) the number of people who are unemployed
• C) the number of people employed plus the number of people unemployed
• D) the number of people in the adult population

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Definitions:

Global Markets

The overarching and interconnected marketplace made up of buyers and sellers from all around the world, transcending national borders.

Cultural Differences

The variations in the customs, values, norms, and social practices among people and societies from different parts of the world.

International Firms

International firms are businesses that operate across national borders, engaging in foreign trade or investment, reflecting their global market presence.

International Firm

A company that engages in cross-border business activities, operating in multiple countries outside of its home country, and dealing with international production or trade.