Which One of the Following Statements Is True

question 263

Multiple Choice

Which one of the following statements is true?

• A) The existence of unemployment places the economy at a point inside its production possibilities curve.
• B) The unemployment rate is the percentage of the population not working.
• C) To be counted as part of the labor force, an individual must be working more than 40 hours a week.
• D) The sum of wages lost by all unemployed workers gives an accurate, comprehensive estimate of the total cost of unemployment.

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Definitions:

Art Of Making Sushi

The skilled practice of preparing and presenting sushi, a Japanese dish featuring vinegared rice combined with various ingredients like seafood, vegetables, and sometimes tropical fruits.

Key To Entrepreneurship

Fundamental elements or qualities needed for starting and successfully running a new venture, typically involving innovation, risk-taking, and problem-solving.

Practice

The repeated exercise or performance of an activity or skill to acquire or maintain proficiency in it.

Overnight Success

The perception that an individual or company has achieved significant success in a very short period of time, often disregarding the years of effort leading up to it.