Which of the following statements is FALSE?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

PRACTICE PROBLEM -- NOT GRADED

Which of the following statements is FALSE?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
b
C
d
The rate of unemployment is estimated based on the number of individuals filing for
unemployment benefits.
The presence of discouraged workers may cause the reported
unemployment rate to understate the true unemployment problem.
X
Your answer
People who work part-time but want to work full-time, and people working in jobs
below their productive abilities are underemployed and counted as employed.
Worker participation in the gig economy has increased significantly in the past
decade, which may mean unemployment figures are not an accurate reflection of
employment conditions.
Transcribed Image Text:Which of the following statements is FALSE? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b C d The rate of unemployment is estimated based on the number of individuals filing for unemployment benefits. The presence of discouraged workers may cause the reported unemployment rate to understate the true unemployment problem. X Your answer People who work part-time but want to work full-time, and people working in jobs below their productive abilities are underemployed and counted as employed. Worker participation in the gig economy has increased significantly in the past decade, which may mean unemployment figures are not an accurate reflection of employment conditions.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON