Which of the Following Is Not Correct

question 27

Multiple Choice

Which of the following is not correct?

• A)Frictional unemployment results from the process of matching workers and jobs.
• B)Structural unemployment results when the number of jobs is insufficient for the number of workers.
• C)Minimum wages are the predominant reason for unemployment in the U.S.economy.
• D)When a minimum-wage law forces the wage to remain above the level that balances supply and demand,it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.

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Definitions:

Entrepreneur's Talent

Entrepreneur's talent refers to the unique skills, insights, and abilities that an entrepreneur applies to develop innovative ideas, overcome obstacles, and drive business success.

Annual Revenue

The total amount of money generated by a company from its activities, such as sales or services, before any expenses are subtracted, in one fiscal year.

Explicit Cost

The monetary payment made by a firm to an outsider to obtain a resource.

Accounting Profits

The net earnings of a company calculated according to generally accepted accounting principles, taking into account all explicit costs but not implicit costs.