Using the Definition of Unemployment, Which of the Following Individuals

question 338

Multiple Choice

Using the definition of unemployment, which of the following individuals would be unemployed?

• A) Because of a reduction in the military budget, your next door neighbor loses her job in a plant where nuclear warheads are made and must look for a new job.
• B) A full- time student quits school, enters the labor market for the first time, and searches for employment.
• C) Because of the increased level of automobile imports, an employee of General Motors is laid off but expects to be called back to work soon.
• D) All of these individuals are unemployed.

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Definitions:

Impostor

An individual who deceitfully pretends to be someone else in order to gain a benefit or deceive others.

Restrictive Indorsement

A condition placed on the transfer of a negotiable instrument that limits its use or payment to a specific purpose or party.

Converted

Refers to the change of something from one form or function to another, such as converting securities into another type of financial asset.

Negligent

Failing to take proper care in doing something, which results in harm or damage to someone or something.