Which One of the Following Statements Is Correct

question 32

Multiple Choice

Which one of the following statements is correct?

• A)The added-worker effect and the discouraged-worker effect operate in the same direction
• B)The added-worker effect and the discouraged-worker effect operate in different directions
• C)The added-worker effect is relatively strong as the economy expands and wages rise
• D)The discouraged-worker effect is relatively strong as the economy expands and wages rise

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Definitions:

Political Philosophy

A branch of philosophy that examines the nature of politics, government, and society, and analyzes concepts like justice, rights, and the role of the state.

Schools of Thought

Various philosophies or approaches in a discipline that propose distinct methodologies or interpretive frameworks.

Income Per Year

The total amount of money earned or received by an individual or entity within a year.

Income Distribution

The way in which a country's total economy's income is spread among its population.