Scenario: Suppose an Economy Consists of Only the Following Economic

question 39

Multiple Choice

Scenario: Suppose an economy consists of only the following economic agents: 2 million full-time workers, 1 million part-time workers, 1 million people who have been laid off by their employers but are currently looking for employment, 1 million children aged 15 years or younger, and 2 million housewives not looking for jobs.
-Refer to the scenario above.What is the number of unemployed workers in the economy?

• A) 1 million
• B) 2 million
• C) 3 million
• D) 4 million

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Definitions:

Electrical Principle

Fundamental laws or concepts in electricity, such as Ohm's law, which govern the behavior and operation of electrical systems and components.

Wheel Speed Sensor

Reluctor-type electromagnetic device used to signal wheel speed data to an antilock controller. Consists of a permanent magnet and toothed reluctor. As the reluctor wheel cuts through a magnetic field, AC is generated and a frequency signal produced.

ABS Outputs

The signals or actions produced by the Anti-lock Braking System to prevent wheel lockup and maintain steering control during braking.

PLC

Programmable Logic Controller, an industrial digital computer adapted for the control of manufacturing processes, such as assembly lines, robotic devices, or any activity that requires high reliability, ease of programming, and process fault diagnosis.