If Part of the Labor Force Is Unemployed, the Foregone

question 151

Multiple Choice

If part of the labor force is unemployed, the foregone goods and services are

• A)lost until the unemployed find jobs.
• B)are replaced by unemployment insurance.
• C)are lost forever.
• D)are replaced by an equal amount of imports.

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Definitions:

Biological Parent

A parent who has contributed to the genetic constitution of a child.

Economic Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Postpone Parenthood

The decision by individuals or couples to delay having children until a later stage in their lives, often for personal, career, or financial reasons.

Implanted Embryos

Embryos that have been placed into the uterus in the process of assisted reproductive technology, with the intention of achieving pregnancy.