People Who Have Two Jobs

question 53

Multiple Choice

People who have two jobs,

• A) are counted twice in the job data, but only once in the persons-employed data.
• B) are counted twice in both the job data and the persons-employed data.
• C) are counted once in the job data, but twice in the persons-employed data.
• D) are counted once in both the job data and the persons-employed data.

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Definitions:

Inputs

Inputs are the resources used in the production process to produce goods or services, including labor, capital, materials, and energy.

Capital Intensive

A description of industries or businesses that require large investments in capital assets to produce goods or services.

Variable Cost

Costs that change in proportion to the level of production or activity within a company.

Long Run

A time period in economics during which all inputs or factors of production can be varied, and no costs are fixed.