Which of the Following Statements Is False

question 194

Multiple Choice

Which of the following statements is false?

• A)The likelihood of losing a job declines during a boom.
• B)Job vacancies and unemployment exist at the same time.
• C)The only component of unemployment that is related to the business cycle is job losers.
• D)The likelihood of losing a job increases during a recession.
• E)People lose their jobs only during recessions.

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Definitions:

Financial Instruments

Contracts that give rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Insurance Contracts

Legal agreements that provide compensation for specific losses or damages in exchange for premium payments.

Leases

Contracts in which one party agrees to rent property, services, or goods from another party for a specified time period in exchange for payment.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.