The Employment Rate Is

question 39

Multiple Choice

The employment rate is

• A)the percentage of the labour force who are unemployed or employed.
• B)equal to 100 minus the unemployment rate.
• C)the percentage of the working- age population who are unemployed or employed.
• D)the percentage of the working- age population who are employed.
• E)the percentage of the labour force who are employed.

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Definitions:

Opportunity Cost

Spurning possible enhancements from different opportunities by electing a specific option.

New Capital

Funds or assets newly invested for the purpose of generating additional income or growth.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or offer a service at a lower opportunity cost than competitors.