Suppose There Are 10 Million Part-Time Workers and 90 Million

question 14

Multiple Choice

Suppose there are 10 million part-time workers and 90 million full-time workers in an economy.Five million of the part-time workers switch to full-time work.We can conclude that:

• A)the official unemployment rate will fall.
• B)the official unemployment rate will rise.
• C)the official unemployment rate will remain unchanged.
• D)the size of the labour force will increase.

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Definitions:

Shale

A fine-grained sedimentary rock formed from clay and silt-sized particles, often easily split into thin, parallel layers.

Impermeable Layers

Geological strata that do not allow the passage of water or fluids due to their tightly packed nature.

Permeable Rocks

Rocks that contain pores or cracks through which fluids such as water can easily pass.

Oil And Gas

Natural hydrocarbon resources extracted from the Earth, used as fuels and in the production of various chemicals and materials.