Frictional Unemployment Includes

question 295

Multiple Choice

Frictional unemployment includes

• A) unemployment caused by a lack of education so that workers do not possess necessary job skills.
• B) unemployment caused by industries moving overseas to better meet foreign competition.
• C) unemployment caused by normal labor turnover associated with people leaving and entering the labor force.
• D) unemployment caused by automation of the work place that displaces unskilled workers.

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Definitions:

GAAP

The standard set of guidelines for financial accounting that is widely accepted and used within a certain jurisdiction, known as Generally Accepted Accounting Principles.

Nonrefundable Up-front

Payment made in advance that cannot be reclaimed, typically associated with the initial stages of a contract or agreement.

Initiation Fees

Fees charged to join a membership or service, often seen in clubs or subscription-based services.

Telecommunications Services

Services provided by companies that enable communication over distance, such as phone and internet services.