Which of the following statements is FALSE?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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PRACTICE PROBLEM -- NOT GRADED

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
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Step 1
Unemployment is a term that depicts the individuals who are capable of doing the job and seeking a job but not able to find it. The labor force referred to the total number of unemployed people and those who are employed at the same time.
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