Involuntary Unemployment

question 9

Multiple Choice

Involuntary unemployment

• A) occurs when the wage rate is below the equilibrium wage rate.
• B) exists when there is an excess quantity of labor supplied.
• C) will increase as the wage rate falls.
• D) exists when there is a shortage of labor.

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Definitions:

Deontologist

An ethicist or philosopher who believes in deontology, a theory which asserts that the morality of an action is based on whether that action itself is right or wrong under a series of rules, rather than based on the consequences of the action.

Federal Crime

Illegal activities that violate federal laws and are prosecuted by the government of a country, rather than by individual states or local jurisdictions.

Punishable

Deserving or liable to be punished by law or other means due to breaking a rule or law.

Prison

A facility in which individuals are forcibly confined and deprived of a range of personal freedoms under the authority of the state as a form of punishment.