A Worker Is Considered Unemployed If That Worker Has No

question 68

Multiple Choice

A worker is considered unemployed if that worker has no job,is legally eligible to work,

• A)and is actively searching for employment.
• B)and is not collecting unemployment insurance.
• C)whether the worker is looking for a job or is not looking for a job.
• D)but only if they previously held a job.
• E)but only if they were previously employed for at least three consecutive months.

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Definitions:

Average-Total-Cost Curve

A graph that displays the mean total cost of manufacturing across various output quantities, generally characterized by a U-shape because of the effects of economies and diseconomies of scale.

Long-Run Time Period

A duration in economics where all factors of production and costs are variable, allowing for complete adjustment.

Economies Of Scale

The economical benefits that businesses gain from their operation size, typically resulting in lower costs per unit of output as the scale expands.

Specialization

The process of focusing efforts and resources on a limited number of activities to increase efficiency and productivity.