The Primary Factor Leading to Cyclical Unemployment Is When

question 227

Multiple Choice

The primary factor leading to cyclical unemployment is when

• A) some workers do not have marketable job skills.
• B) the level of overall economic activity fluctuates.
• C) businesses often discriminate in their hiring practices on the basis of age, sex, and race.
• D) workers quit their jobs in order to look for higher paying employment.

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Definitions:

Normal Profit

The minimum amount of profit necessary for a company to remain competitive in the market, often considered a breakeven profit.

LIFO

The Last In, First Out approach to inventory valuation prioritizes the sale of the most recently manufactured items before older stock.

Tax Advantage

A tax advantage refers to the economic bonus that applies to certain accounts or investments that are exempt from taxation, or taxed at a lower rate.

Rising Prices

A situation where the general level of prices for goods and services increases over a period, indicative of inflation.