All of the Following Are Signals of a Recession EXCEPT

question 163

Multiple Choice

All of the following are signals of a recession EXCEPT

• A) a cyclical reduction in employment of labor.
• B) a slight reduction in a currently high rate of growth in economic activity.
• C) increasing unemployment.
• D) a falling level of economic activity.

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Definitions:

Law Of Comparative Advantage

An economic theory stating that a country should specialize in producing and exporting goods for which it has a lower opportunity cost than its trading partners.

Specialization And Trade

An economic strategy where individuals or nations focus on the production of certain goods or services where they have a comparative advantage, leading to increased efficiency and trade benefits.

Total Output

The total quantity of goods and services produced in an economy at a given time period.

Economies Of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per unit cost as output increases.