Which of the Following Statements Correctly Describes European Labor Markets

question 39

Multiple Choice

Which of the following statements correctly describes European labor markets?

• A) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States.
• B) In recent years, the average unemployment rate in Europe has been higher than the unemployment rate in the United States.
• C) Within Europe the short-term unemployment rate shows greater variability across countries than does the long-term unemployment rate.
• D) European countries with more generous unemployment insurance tend to have lower unemployment rates.

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Definitions:

Selling Price

The amount of money a customer pays to purchase a product or service.

Break-even

The point at which total costs and total income are equal, resulting in neither profit nor loss for a business.

Monthly Unit Sales

The total number of units sold in a given month.

Break-even

The breakpoint where total incomes are equivalent to total expenditures, yielding no profit or loss.