The Towns of Jekyll and Hyde Each Have a Labor

question 129

Multiple Choice

The towns of Jekyll and Hyde each have a labor force of 2,000 people. In Jekyll, 500 people were unemployed for the entire year, while the rest of the labor force was employed continuously. In Hyde, every member of the labor force was unemployed for three months and was employed for nine months. The average duration of unemployment spells over the year was ________ months in Jekyll and ________ months in Hyde.

• A)3; 3
• B)3; 9
• C)12; 3
• D)12; 9

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Definitions:

Personal Property

Objects or belongings that are not fixed to land or buildings, including both physical items and intangible rights.

Chattel

Personal property that is movable, as opposed to real estate or land.

Chose in Action

A personal right to something not in the holder's possession but recoverable through legal action.

Garnisheeing Order

A garnisheeing order is a legal directive to a third party, typically a bank, to seize or withhold money belonging to a debtor for the purpose of satisfying a judgment against the debtor.