The Labour Force Is Equal to The

question 3

Multiple Choice

The labour force is equal to the:

• A) sum of the number of those employed and unemployed.
• B) population minus the number of employed.
• C) sum of the number of those employed and the underemployed.
• D) number of people working.

---

Definitions:

Mortgage

A legal agreement in which property is used as collateral for the repayment of a loan.

Right of Contribution

The right that allows a party who has paid more than their share of a joint obligation to recover the excess paid from other parties responsible for the obligation.

Cosureties

Parties who jointly agree to share the responsibility for someone else's obligation, typically in a surety bond or loan guarantee.

Surety

A person or entity that takes responsibility for another's performance of an undertaking, such as fulfilling a contract or making a payment.