Multiple Choice
Which of the following is false in regard to the unemployment rate?
A) A nation benefits from unemployment due to a lower level of wages required to be paid by employers.
B) According to the Bureau of Labuor Statistics, families lose wages due to unemployment.
C) The unemployment rate is the percentage of a nation's labour force not working at any one time.
D) The purchasing power of unemployed workers is lost.
Correct Answer:

Verified
Correct Answer:
Verified
Q43: Which of the following is uncharacteristic of
Q67: The rivalry among businesses for sales to
Q114: Economists define a recession as two or
Q159: In a communist country such as Cuba,
Q170: An executive at a steel company uses
Q178: Online interaction that allows individuals as well
Q179: The nationalisation of key industries in countries
Q185: Steve Wilson, a chef at a major
Q242: A market economy is sometimes referred to
Q245: As the price of a product increases,