Question

question 34
1 pts
the ______ refers to a calculation of the number of people not working divided by the number of people in the workforce over time.
○ labor rate
○ gini coefficient
○ unemployment rate
○ employment rate

question 35
1 pts
____ refers to when a company uses labor from a different company, while ____ refers to when a company moves labor to a different country.
○ outsourcing; globalization
○ outsourcing; offshoring
○ offshoring; outsourcing
○ globalization; outsourcing

Explanation:

Question 34

• Labor rate: Usually related to the cost of labor per unit time, not about non - working people in the workforce.
• Gini coefficient: Measures income inequality, not related to employment/unemployment in this way.
• Unemployment rate: By definition, it is calculated as the number of unemployed (not working and in the labor force) divided by the labor force (people in the workforce) over time.
• Employment rate: Is the number of employed divided by the labor force or working - age population, not the non - working over workforce.

• Outsourcing: Is the practice of a company using labor or services from another company (could be domestic or international).
• Offshoring: Specifically refers to a company moving its labor or business operations to a different country.
• Globalization: Is a broader concept about the integration of economies, cultures, etc., not specifically about labor movement between companies or countries in this context.
• So the first blank should be Outsourcing and the second should be Offshoring.

Answer:

C. Unemployment rate

Question 35