Frictional Unemployment Includes

question 293

Multiple Choice

Frictional unemployment includes

• A) unemployment caused by automation of the work place that displaces unskilled workers.
• 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 a lack of education so that workers do not possess necessary job skills.

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Definitions:

Mixed Economy

An economic system blending elements of market, command, and traditional economies, featuring both private and public ownership of resources.

Public Enterprises

Government-owned organizations that operate in the commercial sector, intending to provide public services or generate revenue.

Core Inflation Rate

Inflation rate of an economy after energy and food prices are removed.

Energy And Food Prices

The costs associated with purchasing fuel, electricity, and edible items, which can significantly impact economic and living conditions.