The Largest Source of Unemployed Workers Is ________ and the Second

question 31

Multiple Choice

The largest source of unemployed workers is ________ and the second largest is ________.

• A) job losers; new entrants
• B) job losers; reentrants
• C) job leavers; new entrants
• D) job leavers; reentrants

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Definitions:

Isoquant

A curve representing all the combinations of inputs that result in the production of a certain level of output, used in the study of production theory.

Capital

The wealth, whether in money or other assets, owned or employed in business by an individual, firm, or country.

Labor

The human effort, both physical and mental, used in the production process to create goods and services.

Isocost Line

A graphical representation that shows all possible combinations of inputs that cost the same amount of money.