According to the Bloomberg Business Week Report,2009,the Cost of Product

question 24

True/False

According to the Bloomberg Business Week report,2009,the cost of product safety for manufacturing firms is small and inconsequential.

---

Definitions:

Labor Force

The total number of people employed and unemployed, actively seeking work in an economy.

Equilibrium Level

The state in which market supply and demand balance each other, resulting in stable prices and quantities.

Unemployment

The situation when people who are willing to work at prevailing wage rates cannot find jobs.

Equilibrium

A state in which supply and demand are balanced, resulting in stable prices.