Which Statement Is True

question 82

Multiple Choice

Which statement is true?

• A)Discouraged workers are counted by the Bureau of Labor Statistics among the unemployed.
• B)If we counted the unemployed,the labor force would be much higher.
• C)The Bureau of Labor Statistics compiles the unemployment rate from its survey of state unemployment insurance offices.
• D)If the labor force grows while the number of unemployed stays the same,the unemployment rate declines.

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Definitions:

AVC

Average Variable Cost, which is the total variable costs divided by the quantity of output produced.

AVC

Average Variable Cost, which is calculated by dividing the variable costs by the quantity of output produced.

Economic Loss

A decrease in financial wealth, including lost opportunity, costs, inefficiencies, or expenditures that exceed the benefits.

Fixed Cost

Costs that do not vary with the level of output or operations, such as rent, salaries, and insurance premiums.