Suppose That Some People Are Counted as Unemployed When,to Maintain

question 93

Multiple Choice

Suppose that some people are counted as unemployed when,to maintain unemployment compensation,they search for work only at places where they are unlikely to be hired.If these individuals were counted as out of the labor force instead of as unemployed,then

• A)both the unemployment rate and labor-force participation rate would be higher.
• B)both the unemployment rate and labor-force participation rate would be lower.
• C)the unemployment rate would be lower,and the labor-force participation rate would be higher.
• D)the unemployment rate would be higher,and the labor-force participation rate would be lower.

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Definitions:

Express Warranty

A written guarantee provided by a seller about the quality or nature of a product, promising specific standards or conditions.

Implied Warranty

A legal assumption in commerce that goods are reasonably fit for the general purpose for which they are sold, even if not expressly stated.

Operation of Law

A way in which rights or liabilities are automatically transferred or changed due to existing legal rules, rather than the action of the parties.

Implied Warranty

An unwritten and unspoken guarantee that a product or service will meet a minimum level of quality and will perform as expected, even though it is not explicitly stated in a contract.