Author Question: Which of the following statements is incorrect? a. The unemployment rate overstates the labor ... (Read 94 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?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

For a complete list of videos, visit our video library