Positive Analysis

question 22

Multiple Choice

Positive analysis:

• A) involves the formulation and testing of hypotheses.
• B) involves value judgments concerning the desirability of alternative outcomes.
• C) weighs the fairness of a policy.
• D) examines if the outcome is desirable.

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Definitions:

Frictional Unemployment

represents short-term unemployment that occurs when workers are between jobs or entering the labor force for the first time.

Labor Force

The total number of people employed or actively seeking employment in a country or region.

Labor Force

The total number of people employed or actively seeking employment in a given economic territory or nation.

Structurally Unemployed

individuals who are unemployed due to structural changes in the economy that make their skills or industries obsolete.