The Labour Force Consists of

question 90

Multiple Choice

The labour force consists of

• A)the number of people who are employed.
• B)the number of people who are unemployed and who are actively seeking work.
• C)all civilians in the population aged 15 and over.
• D)the number of people who are employed minus the number of the people who are unemployed.
• E)the number of people in the working-age population who are employed or unemployed.

Comprehend the concept of world price and its significance in international trade.

Analyze the distribution of benefits and costs among producers and consumers within a country engaging in international trade.

Identify how trade can potentially improve the economic well-being of a nation.

Understand the conditions under which a country becomes an importer or exporter of goods.

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Definitions:

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The compelling attractiveness or charm that a leader possesses, which can inspire devotion and enthusiasm in others.

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A psychological phenomenon where individuals are uncertain about the reasons behind others' behavior towards them, often due to perceived biases.