People Who Are Willing and Able to Work but Are

question 33

Multiple Choice

People who are willing and able to work but are not looking for work because they have been discouraged by their previous futile efforts are called

• A) involuntarily unemployed.
• B) discouraged job seekers.
• C) part-time lookers.
• D) unhappy workers.
• E) unemployed workers.

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Definitions:

Total Cost

The complete cost of producing a specific quantity of goods or services, including fixed and variable costs.

Average Fixed Cost

Production's unchanging overheads split by the volume of goods produced.

Fixed Costs

Expenses that do not change with the level of output or sales, such as rent or salaries.

Birthday Cakes

Specifically made or purchased cakes to celebrate individuals' birthdays, often considered for their cultural significance and economic impact on the baking industry.