Involuntary Unemployment

question 9

Multiple Choice

Involuntary unemployment

• A) occurs when the wage rate is below the equilibrium wage rate.
• B) exists when there is an excess quantity of labor supplied.
• C) will increase as the wage rate falls.
• D) exists when there is a shortage of labor.

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Definitions:

Payable

The amounts of money that a company owes to vendors or creditors for goods or services received that have not yet been paid.

Bearer

The individual in possession of an instrument, such as a check or promissory note, that is not made out to a specific payee.

Conditional Endorsement

An endorsement on a document or instrument subject to specific conditions or restrictions.

Payment

The act of satisfying a debt or obligation, usually by transferring funds to settle the amount owed.