In February 2008, the household survey indicated that about 250,000 people lost or left their jobs. At the same time, though, the ranks of the unemployed declined by nearly 200,000. The counterintuitive result was that the number of unemployed workers fell even as the economy was shedding jobs. What explains both a drop in employment and a reduction in the number of workers considered unemployed by the BLS

The result can be explained by the fact that about 450,000 people got new jobs.  This means that the 250,000 that left their jobs actually got new jobs in addition to 200,000 others who also got jobs (perhaps as replacements for the 250,000 that relocated jobs) after being unemployed for some time.

Another possible explanation may be as a result of some drop in the population resulting from aging and death, which causes a decline in labor force participation.

Explanation:

A drop in unemployment rates foreshadows that the economy is rebounding.  This is a good sign of economic recovery.  When new jobs are created due to technological advancements, people tend to move from one job to another, and those open positions are quickly refilled from the pool of the unemployed.  This means that productivity will be on the increase, and the economy will be the better for it.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answernet income for 2017 will be greater if the inventory quantity declines;