High Rates of Unemployment Are Undesirable Because

question 166

Multiple Choice

High rates of unemployment are undesirable because:

• A)​they cause increased levels of societal tension.
• B)​society loses potential production of goods and services.
• C)​families of the unemployed may find it difficult to survive.
• D)​all of the above.

---

Definitions:

Total Liabilities

The sum of all debts and financial obligations a company owes to outside parties.

Total Assets

The sum of all resources owned by a company or an individual, valued in monetary terms, which includes tangible and intangible items.

Net Income

The total earnings of a company after subtracting all expenses and taxes from the total revenue.

Comparative Income Statement

A financial statement that presents the revenues, expenses, and net income for multiple periods to facilitate analysis over time.