After Being Fired from a Job,some People Find That It

question 90

Multiple Choice

After being fired from a job,some people find that it may take several months to find a new job in the same type of work.This is an example of which of the following types of unemployment?

• A)Structural unemployment.
• B)Frictional unemployment.
• C)Cyclical unemployment.
• D)Seasonal unemployment.

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Definitions:

Free-Trade Zone

A specific area within a country where goods may be imported, handled, manufactured, or reconfigured without direct intervention by the customs authorities, often to encourage trade and investment.

Acquired Comparative Advantage

An advantage gained by a country or firm through learning, innovation, and investment, as opposed to natural endowments.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported.

Free-Trade Policies

Government policies aimed at reducing or eliminating barriers to trade between countries, such as tariffs and quotas, to encourage international commerce.