Official Unemployment Statistics

question 46

Multiple Choice

Official unemployment statistics:

• A) understate unemployment because individuals receiving unemployment compensation are counted as employed.
• B) understate unemployment because discouraged workers are not counted as unemployed.
• C) include cyclical and structural unemployment but not frictional unemployment.
• D) overstate unemployment because workers who are involuntarily working part time are counted as being employed.

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Definitions:

Supply Chain Management

The active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage, encompassing everything from production to product delivery.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Pull Strategy

A supply chain strategy in which customer orders drive manufacturing and distribution operations.

Transportation Management

The process of planning, executing, and optimizing the movement of goods and materials from their point of origin to their final destination.