Which of the Following Is Correct

question 20

Multiple Choice

Which of the following is correct?

• A)The Bureau of Labor Statistics uses data collected from those applying for unemployment insurance to compute the unemployment rate.
• B)The labor force includes all adults who are able to work.
• C)Unpaid homemakers are counted as "employed" by the Bureau of Labor Statistics.
• D)People working part time are counted as "employed" by the Bureau of Labor Statistics.

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Definitions:

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.

Dictator Games

A type of experimental game in economics where one player, the "dictator," determines how to split an endowment between themselves and another player, the "recipient."

Ultimatum Games

Represent a scenario in economic experiments where one participant proposes a division of resources, and the other can accept or reject the offer, which, if rejected, leaves both with nothing.