Which Statement Correctly Describes "Structural Unemployment

question 106

Multiple Choice

Which statement correctly describes "structural unemployment?"

• A) Structural unemployment is also called "frictional unemployment."
• B) Structural unemployment occurs even when the economy is at the natural unemployment rate.
• C) Structural unemployment occurs mainly during recessions.
• D) The amount of structural unemployment depends on normal labor turnover.

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Definitions:

Operating Income

The financial gain obtained through the main functions of a firm, without considering the reductions for interest and taxes.

Absorption Costing

An approach in accounting that adds up all costs associated with manufacturing, including direct materials, workforce expenses, and all overhead costs, both variable and fixed, into the product pricing.

Variable Costing

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

Operating Income

The profit realized from a business's core operations, excluding taxes and interest expenses.