A Survey Reveals That, on a Small Island, Initially 40

question 129

Multiple Choice

A survey reveals that, on a small island, initially 40 people have jobs, 10 people are not working but are looking for jobs, and 30 people are neither working nor looking for work. Suppose that 10 of the 30 people who weren't working or looking for work now begin looking for work. There are now 20 people without jobs but looking for work and 40 people working. The unemployment rate:

• A) rises to 33.3%.
• B) rises to 50%.
• C) falls to 25%.
• D) Nothing happens to the unemployment rate because these people weren't working before and they aren't working now.

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Definitions:

Contributory Negligence

A legal doctrine indicating that if a party has contributed to their own injury or damages through their negligence, they may not be compensated for those injuries or damages.

Final Clear Opportunity

A concept in tort law, particularly in negligence, which refers to the last chance a defendant might have had to avoid causing harm to the plaintiff.

Duty

A moral or legal obligation; a responsibility.

Assistance

The act of providing help or support, especially to people in need.