Some Unemployment Is Unavoidable Because

question 5

Multiple Choice

Some unemployment is unavoidable because

• A)many people in the working- age population attend school and are unemployed.
• B)there is always some cyclical unemployment.
• C)many part- time workers would like to have full- time work.
• D)often people become discouraged searchers.
• E)people are making transitions through the stages of life and businesses are making transitions.

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Definitions:

Gasoline Tax

A tax imposed on the sale of gasoline, typically used by governments to fund transportation projects and other public goods.

Perfectly Elastic

A situation in which the quantity demanded or supplied changes infinitely in response to any change in price.

Government Revenue

The income received by government from taxes, fees, and other sources used to fund public services and obligations.

Tax

A mandatory fiscal fee or different form of levy placed on a taxpayer by a government entity to finance government expenditures and a range of public spending.