Higher Rates of Unemployment Are Linked with

question 120

Multiple Choice

Higher rates of unemployment are linked with

• A) greater political stability because the employed tend to be more politically active.
• B) higher crime rates, as the unemployed seek to replace lost income.
• C) lower rates of heart disease, as the unemployed have eliminated job stress.
• D) improvements in overall health, as the unemployed have more leisure time to be physically active.

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Definitions:

Wages and Salaries

Wages and Salaries refer to the regular compensation paid to employees for their labor or services in executing their job responsibilities.

Note Payable

A financial obligation or loan evidenced by a promissory note, which requires the borrower to pay back the amount borrowed plus interest.

Incremental Borrowing Rate

The Incremental Borrowing Rate is the interest rate a company would have to pay if it borrows funds, used in lease accounting to measure lease liabilities.

Equipment

Tangible property owned by a business that is used in its operations to generate income.