Which of the Following Statements Is False

question 118

Multiple Choice

Which of the following statements is false?

• A) The sum of the unemployment rate and the employment rate always equals 100 percent.
• B) The sum of the number of employed persons and the number of unemployed persons equals the civilian non-institutional population.
• C) The labor force participation rate equals the number of persons in the civilian labor force divided by the number of persons in the total population.
• D) a,b,and c

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Definitions:

Advertising Expenditures

The amount of money spent on promoting products, services or brands through various media channels.

Monopolistically Competitive

A monopolistically competitive market is characterized by many sellers offering products that are similar but not identical, allowing for competition on factors other than just price, such as quality, brand, or features.

Four-Firm Concentration Ratio

A metric assessing the concentration of market power by adding the market shares of the four largest firms in an industry.

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and easy entry and exit, leading to price-taking behavior.