If the Unemployment Rate Rises Because the Number of People

question 4

Multiple Choice

If the unemployment rate rises because the number of people not working but searching for work rises, economists would attribute this to the

• A)fallacy of composition.
• B)discouraged worker effect.
• C)encouraged worker effect.
• D)none of the options are correct.

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Definitions:

Costs of Pollution

The economic, health, and environmental damages caused by the emission of pollutants.

Environmental Standards

Rules established by a government to protect the environment by specifying actions by producers and consumers.

Pollution Reduction

The process of decreasing or eliminating the release of pollutants into the environment, typically involving regulations and technologies aimed at clean air, water, and soil.

Minimum Cost

The lowest possible expense at which a company can produce a good or service without sacrificing quality.