If the Number of Discouraged Workers Decreases Because Many of Them

question 101

Multiple Choice

If the number of discouraged workers decreases because many of them start to look for work,everything else remaining the same,then the

• A)unemployment rate will increase.
• B)employment-to-population ratio will decrease.
• C)labour force participation rate will increase.
• D)labour force participation rate will decrease.
• E)both A and C.

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Definitions:

Revenue

The total amount of money received by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.

Cost Flow Assumptions

Accounting methods that determine how costs are assigned to inventory and cost of goods sold, such as FIFO, LIFO, and average cost.

FIFO

An inventory valuation method where the first items produced or purchased are the first sold, leading to inventory being valued at approximate recent costs.

LIFO

An inventory valuation method that assumes the last items added to the inventory are the first ones to be sold ("Last In, First Out").