The Working- Age Population Can Be Divided into Two Groups

question 87

Multiple Choice

The working- age population can be divided into two groups,

• A)people in the labour force and people looking for work.
• B)people in the labour force and people who are not in the labour force.
• C)people looking for work and those in the armed forces.
• D)people in the labour force and people with a job.

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Definitions:

Bankruptcy Proceedings

The legal process through which individuals or entities that cannot repay debts to creditors seek relief from some or all of their debts.

Debtor

An individual or entity that owes money or other obligations to another party, known as the creditor.

Secured Party

A lender or creditor that has a legal interest in the collateral offered by the debtor to secure a loan or other obligation.

Obligation

An obligation is a legal or moral duty to do or not to do something.