Table 28-2 Labor Data for Aridia

question 280

Multiple Choice

Table 28-2
Labor Data for Aridia
-Refer to Table 28-2. The unemployment rate of Aridia in 2012 was

• A)6.25%.
• B)11.1%.
• C)12.5%.
• D)56.25%.

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Definitions:

Production Possibilities

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, technology, etc.).

Trade-offs

Situations where making a decision to gain something entails losing something else, typically requiring a compromise or balancing act.

Technology

The application of scientific knowledge for practical purposes, especially in industry and improvements in tools, machinery, and systems.