Which of the Following Statements Regarding Basic and Nonbasic Activities

question 63

Multiple Choice

Which of the following statements regarding basic and nonbasic activities is true?

• A)The percentage of jobs in the basic sector tends to decrease as the size of the city increases.
• B)Basic activities must occur in the central business district.
• C)Nonbasic activities are heavily dependent upon rail and barge transportation.
• D)Non-basic activities bring in money from outside the town.

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Definitions:

Cyclical Unemployment

Unemployment that results from economic downturns or recessions, where there is insufficient demand for labor.

Bureau of Labor Statistics

A U.S. government agency that collects and analyses critical economic information, particularly employment and price statistics.

Minimum-Wage Laws

Regulations establishing the lowest hourly wage that employers can legally pay their workers, aimed at protecting low-income workers.

Teenage Unemployment

Refers to the unemployment rate among teenagers, indicating the proportion of the teenage workforce that is not currently employed but is actively seeking employment.