In Recent Years,Statistics Canada Has Released Two Special (Supplementary)unemployment Rates

question 15

Multiple Choice

In recent years,Statistics Canada has released two special (supplementary) unemployment rates that include estimates of the number of discouraged and part-time workers.The official unemployment rate,along with the two supplementary rates,is shown in the chart for the period 1997 to 2006.

-The evidence in the chart indicates that the

• A) problem of discouraged workers is insignificant.
• B) problem of part-time workers is insignificant.
• C) number of part-time workers and discouraged workers is insignificant.
• D) problem of discouraged workers and part-time workers is fairly significant.
• E) problem of discouraged workers and part-time workers is decreasing significantly.

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Definitions:

Unlimited Resources

A hypothetical scenario in which all resources are abundant and easily accessible, eliminating scarcity.

Wealthy Society

A society characterized by a high level of economic riches, lifestyle quality, and available resources for its members.

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, market equilibriums, and the effect of government regulations.

Individual Industries

Specific sectors of the economy focused on the production of certain types of goods or services.