Which of the Following Types of Unemployment Will Exist Even

question 4

Multiple Choice

Which of the following types of unemployment will exist even if the wage is at the competitive equilibrium?

• A) Unemployment due to unions
• B) Unemployment due to efficiency wages
• C) Frictional unemployment
• D) Unemployment due to minimum-wage laws

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Definitions:

Check Register

A record of checks written, deposits made, and balances for a checking account.

Deposit

An amount of money placed into an account or given to someone as a partial payment or security for the purchase of something.

Check Register

A record book or digital log used to track checks written, deposits made, and current balance of a bank account.

Cash Balance

The amount of currency and liquid instruments in a company's possession that can be readily used for transactions.