Which Statement Is TRUE

question 205

Multiple Choice

Which statement is TRUE?

• A) The number of people not working but who have looked for work in the past year is equal to the number of unemployed people.
• B) The labour force is the total number of people working plus those who are unemployed.
• C) The unemployment rate is the number of people unemployed expressed as a percentage of the population.
• D) The labour force is the same as the population.

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Definitions:

Work Less Hard

A reduction in the effort or intensity with which an individual or group engages in their tasks or duties.

Risky Decisions

Choices made under conditions of uncertainty, where outcomes can include significant losses or gains.

Destination Contract

A shipping agreement where the seller is obligated to deliver goods to a specific destination, with the seller bearing risk and cost until delivery.

Risk Of Loss

The potential for an asset to decrease in value or for an investment to lose money.