Which of the Following Is False

question 16

Multiple Choice

Which of the following is false?

• A)​People looking for full-time work who grudgingly settle for a part-time job are counted as employed, even though they are only "partly" employed.
• B)​Some people working in the underground economy could be counted in labor statistics as unemployed, while others may be counted as not in the labor force.
• C)​Unemployment rates can be quite different across different segments of the population, as well as varying substantially over time.
• D)​None of the above are false; all are true.

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Definitions:

Exogenous

Factors or variables that are external to the economic model and not determined within the model itself.

Frictional Unemployment

Frictional unemployment is short-term and voluntary unemployment that occurs when people are between jobs or entering the workforce for the first time, often due to personal choices or circumstances.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.

Skill Mismatch

A discrepancy between the skills offered by workers and the skills demanded by employers, which can lead to structural unemployment and inefficiency in the labor market.