According to 2012 Data on the U

question 416

Multiple Choice

According to 2012 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?

• A) Black males had higher labor-force participation rates and lower unemployment rates compared to white males.
• B) Black males had both higher labor-force participation rates and higher unemployment rates compared to white males.
• C) Black males had both lower labor-force participation rates and lower unemployment rates compared to white males.
• D) Black males had lower labor-force participation rates and higher unemployment rates compared to white males.

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.

Production

The process of creating goods or services by combining labor, materials, and capital.

Technological Improvement

The advancement or enhancement of technology, leading to increased efficiency, productivity, or quality in processes or products.

Wage Rates

The amount of compensation an employee receives from an employer in exchange for performing a specific job, typically expressed on an hourly basis.