A Jobless Recovery Occurs When

question 33

Multiple Choice

A jobless recovery occurs when

• A)no jobs are created in an economy after a recession ends.
• B)employment continues to fall at the beginning of a recovery.
• C)only low-quality jobs are created in a recovery.
• D)most of the new jobs created in a recovery are overseas.

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Definitions:

Excess Capacity

Refers to a situation where a company has more production capability available than is necessary to meet demand, often resulting in unused resources or facilities.

Financial Advantage

A benefit that helps to improve a company's financial position, which can include lower costs, access to new markets, or additional revenues.

Financial Advantage

The benefit gained in financial terms, providing an edge over competitors or contributing to financial stability.

Outside Supplier

An external organization or company that provides goods or services to another company as opposed to internal sources.