Which Statement Is True

question 72

Multiple Choice

Which statement is true?

• A)The entire expansion from the trough to the peak is the recovery phase.
• B)The entire contraction from the peak to the trough is the recession phase.
• C)Recessions never last more than one year.
• D)Prosperity is the first phase of expansion.

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Definitions:

Farm Prices

The prices that farmers receive for their products, including crops and livestock, which can fluctuate based on supply, demand, and market conditions.

Farm Work

Labor and activities related to cultivating land and producing agricultural goods.

Underemployed

Underemployed refers to individuals working less than they would like to, either in terms of hours or in jobs that do not utilize their skills fully, often leading to lower incomes and job satisfaction.

Human Capital

The sum of abilities, insights, and non-physical resources of people which can be employed to produce financial gain for the person, their company, or the community.