____________________ Refers to the Number of Americans Who Are Out

question 86

Multiple Choice

____________________ refers to the number of Americans who are out of work but actively looking for a job.

• A)Hardship
• B)Unemployment
• C)Welfare
• D)Inflation
• E)Recession

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Definitions:

Specialization

Focus on a narrow area of expertise or production to increase efficiency and output.

Technological Advance

(1) An improvement in the quality of existing products, the invention of entirely new products, or the creation of new or better ways of producing or distributing products. (2) Any improvement in the methods by which resources are combined such that the same quantity of inputs can be made to yield a combination of outputs that is preferred to any combination of outputs that was previously possible.

Freedom of Choice

The right of individuals to make decisions for themselves without undue government restriction.