Which of the Following Is the Best Example of Frictional

question 98

Multiple Choice

Which of the following is the best example of frictional unemployment?

• A)A worker is laid off because his firm has to reduce production due to reduced demand.
• B)A worker quits her current job to search for a better one.
• C)An ironworker cannot find a job in Alberta because all job vacancies are in Quebec.
• D)Bank tellers are unable to find jobs due to technological advances in the banking system.
• E)Inflationary pressures have led to higher wages for all jobs.

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Definitions:

Acquired Material

Items or substances that are obtained or collected for use, often referring to resources gathered for a specific project or purpose.

Liabilities

Anything to which a person is liable, responsible, legally bound; debts or accounts payable (A/P) owed by the business.

Accounts Payable

The amount of money owed by a company to its creditors or suppliers for goods and services received but not yet paid for.

Invoice Description

A detailed statement showing goods sold or services provided, their prices, and the total amount to be paid.