When Unemployment Is High

question 125

Multiple Choice

When unemployment is high,

• A) jobs are easy to find.
• B) employers compete against many other employers for new workers.
• C) employers have an advantage in bargaining over wages.
• D) workers have an advantage in bargaining over wages.
• E) workers can choose from a large number of available jobs.

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Definitions:

Measure

A method or tool used for quantifying the characteristics or magnitude of a given phenomenon or attribute.

Coefficient of Variation

A measure of relative variability expressed as a percentage of the mean.

Heights

Measurements of how tall individuals or objects are from base to top.

Statistics

The art and science of collecting, analyzing, presenting, and interpreting data.