According to the Definition Used by the U

question 109

Multiple Choice

According to the definition used by the U.S. Bureau of Labor Statistics, people are considered to be unemployed if they:

• A) are out of a job, but not looking for work.
• B) retired from the labor force before age 65.
• C) do not have a job, but have looked for work in the past 4 weeks.
• D) are absent from work because of bad weather or illness.

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Definitions:

Federal Bankruptcy Laws

Laws that govern bankruptcy proceedings in the United States, outlining the process for individuals and entities to discharge or reorganize their debts.

Debtor

An individual or entity that owes money to another party, oftentimes to a creditor or lender.

Consumer-debtor

An individual who owes money to another party, often as a result of purchasing goods or services on credit.

Household Use

Refers to items or services intended for consumption, service, or use within a domestic environment.