Some People Are Unemployed Because They Are Searching for a Very

question 135

Multiple Choice

Some people are unemployed because they are searching for a very specific job. How are these people best classified?

• A) as cyclically unemployed
• B) as structurally unemployed
• C) as frictionally unemployed
• D) as discouraged workers

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Definitions:

Incremental Innovation

Refers to minor improvements or simple adjustments made to existing products, services, or processes.

Market Driven

Describes a business strategy or approach that is guided by the needs and wants of the market and customers.

Follower Brands

Brands that do not lead in innovation or market share in their category but follow trends set by others, often focusing on adapting to established market dynamics.