Which of the Following Statements Is True of Unemployment

question 24

Multiple Choice

Which of the following statements is true of unemployment?

• A)Cyclical unemployment decreases during recessions and increases during expansions.
• B)Some unemployment exists even when the economy is healthy and growing.
• C)Unemployment and inflation are not related.
• D)People who are willing and able to work but have given up the search for a job are considered unemployed.
• E)Voluntary unemployment refers to a situation in which people who really do not want to work only pretend to look for jobs.

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Definitions:

Transfer Price

Transfer price refers to the price at which goods and services are sold between departments or subsidiaries within the same company.

Selling Division

The division or section of a company responsible for sales activities and interfacing with customers to sell products or services.

Buying Division

A department or segment within a company responsible for purchasing goods, materials, or services.

Outside Supplier

An external entity that provides goods or services to a company, often used when the company cannot produce these items in-house.