Which of the Following Individuals Would Be Considered Unemployed

question 61

Multiple Choice

Which of the following individuals would be considered unemployed?

• A)an individual who works only part-time
• B)an individual who works full-time in a family business, but is not paid
• C)an individual who is not working and is not looking for work
• D)all of the above
• E) none of the above

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Definitions:

Cartels

Formal agreements among competing firms to control prices, production, and distribution of goods, often to restrict competition and increase profits illegally.

Collusive Arrangements

Agreements between firms to control prices or exclude entry of a new competitor in the market, often in violation of antitrust laws.

Secret Price Concessions

Unadvertised discounts or reductions in price offered to buyers, often as part of negotiation processes in sales transactions.

OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of oil-exporting countries aimed at coordinating and unifying petroleum policies to secure fair and stable prices for petroleum producers.