If a Significant Number of Part-Time Workers Successfully Find Full-Time

question 162

Multiple Choice

If a significant number of part-time workers successfully find full-time employment,then

• A)the unemployment rate will fall.
• B)the labor force participation rate will increase.
• C)the unemployment rate will remain unchanged.
• D)the unemployment rate will rise.
• E)Both answers A and B are correct.

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Definitions:

Raw Material Costs

The expenses associated with the acquisition of raw materials used in the production of goods.

Labor Costs

The total sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes incurred by an employer.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including but not limited to utilities, maintenance, and salaries of supervisory personnel.

Manufacturing Inventories

Manufacturing inventories consist of raw materials, work-in-process items, and finished goods that are held by a company in the course of producing its products.