Related to the Economics in Practice on P

question 101

Multiple Choice

Related to the Economics in Practice on p.580: If extending the duration of unemployment benefits does discourage unemployed workers from looking for jobs,then ceteris paribus,

• A)the unemployment rate will increase.
• B)the unemployment rate will decrease.
• C)the number of discouraged workers will increase.
• D)the natural rate of unemployment will decrease.

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Definitions:

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.

Profit Margin

The ratio of net income to revenue, indicating how much profit is made on average from sales.

Authority

The authority or capability to issue commands, make choices, and ensure compliance.

Decision

The act or process of choosing a particular action among various alternatives based on the expected outcomes.