Instructions : Choose the Word or Phrase in [ ]

question 1

Short Answer

Instructions : Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
During the expansion phase of the business cycle, the unemployment rate will [ increase | decrease ].

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue, indicating the company's profit.

Sales Revenue

The total amount of money generated from selling goods or services to customers.

Direct Labour Costs

The total expenses associated with paying workers who directly manufacture a product or perform a service.

Prime Costs

These are the direct costs of manufacturing a product, including direct materials and direct labor.