Suppose That Some People Are Counted as Unemployed When, to Maintain

question 241

Multiple Choice

Suppose that some people are counted as unemployed when, to maintain unemployment compensation, they search for work only at places where they are unlikely to be hired. If these individuals were counted as out of the labor force instead of as unemployed, then

• A)both the unemployment rate and labor-force participation rate would be higher.
• B)both the unemployment rate and labor-force participation rate would be lower.
• C)the unemployment rate would be lower and the labor-force participation rate would be higher.
• D)the unemployment rate would be higher and the participation rate would be lower.

Understand the concept of global consumers and their characteristics.

Know the legal aspects and implications of economic espionage on international business.

Understand the relationship between inflation rates and P/E ratios.

Calculate and interpret book value per share, its significance and compare it to market and liquidation values.

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Definitions:

Job Resources

Refers to the physical, psychological, social, or organizational aspects of a job that are necessary for achieving work goals, reducing job demands, and stimulating personal growth and development.

Work Design Questionnaire

A tool used to assess the characteristics of a job or role, focusing on elements such as autonomy, task variety, and feedback.

Core Characteristics

Essential attributes or features that define the identity or fundamental nature of something.

Job Demands

The various pressures, obligations or requirements that are inherent in a given job, including workload, complexity, and time pressures.