The "Lump-Of-Labour-Fallacy" Implies That

question 17

Multiple Choice

The "lump-of-labour-fallacy" implies that:

• A) The number of jobs at each firm depends on the state of the overall labour market.
• B) The only way that an unemployed person can find work is for total employment to rise.
• C) Work-sharing arrangements will not create any jobs.
• D) The only way that an unemployed worker can find work is for someone who is currently employed to leave his/her position.

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The ratio of a company's annual dividends to its share price, indicating the earnings a shareholder gets for each share held.

Capital Loss

A decrease in the value of an investment or asset from its purchase price.

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