If the Labor Force Participation Rate Increases

question 33

Multiple Choice

If the labor force participation rate increases:

• A) the labor force must have decreased.
• B) the labor force must have increased.
• C) the number of employed must have increased.
• D) the number of employed must have decreased.
• E) the number of unemployed could have increased.

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Definitions:

Risk Of Loss

A legal and contractual concept determining which party bears the risk for damage or loss of goods after a sale has been completed but before delivery is made.

Contract Price

The total agreed-upon amount for services or goods detailed within a contract.

Commercial Impracticability

A doctrine allowing parties to suspend or terminate contractual obligations when unexpected events fundamentally alter the nature of the contract, making performance unfeasible.

Increased Production Costs

A scenario where the expenses associated with producing goods or services rise, potentially affecting prices and profitability.