Author Question: Which of the following statements is incorrect? a. The unemployment rate overstates the labor ... (Read 104 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
Which of the following statements is incorrect?
 a. The unemployment rate overstates the labor market's true level of economic hardship because many families have more than one income earner.
  b. It is mathematically and economically impossible for the unemployment rate and employment rate to rise at the same time.
  c. By reporting that they are actively seeking work when they are not, individuals cause the unemployment rate to rise above the true level of hardship.
  d. Because part-time workers are counted as fully employed the unemployment rate understates the true level of economic hardship.

Question 2

A sign that Country A is under pressure to appreciate its currency is its:
 a. Current account is in surplus.
  b. Overall balance is in surplus.
  c. Capital account is in surplus.
  d. Overall balance is in deficit.
  e. Reserves account is in surplus (i.e., positive).



TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

.B

Answer to Question 2

.B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

For a complete list of videos, visit our video library