According to 2008 Data, Unemployment Rates for Females Are Unemployment

question 78

Multiple Choice

According to 2008 data, unemployment rates for females are unemployment rates for males for any given age group; and unemployment rates for youths (age 15- 24) are unemployment rates for all other age groups.

• A)lower than; lower than
• B)higher than; lower than
• C)lower than; higher than
• D)higher than; higher than
• E)equal to; higher than

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on.

Scarce Goods

Products or resources that are limited in availability and cannot meet all the demands of consumers.

Comparative Advantage

The ability of a country or firm to produce a specific good or service at a lower opportunity cost than its competitors.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choice.