A Discouraged Worker ________ Counted as Officially Unemployed and ________

question 165

Multiple Choice

A discouraged worker ________ counted as officially unemployed and ________ counted as in the labor force.

• A) is; is
• B) is; is not
• C) is not; is
• D) is not; is not

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Definitions:

Techniques of Production

The methods and processes used in the making of goods or services, involving the combination of labor, materials, machinery, and technology.

Government Oversight

A process by which government bodies monitor and regulate the activities and operations of various sectors and organizations to ensure compliance with laws and regulations.

Fixed Costs

Costs that do not change with the level of output produced, such as rent, salaries, and loan payments.

Long Run

A period of time sufficiently long that all inputs or factors of production can be varied by firms, allowing them to fully adjust to market conditions.