The Three Types of Unemployment Are

question 3

Multiple Choice

The three types of unemployment are

• A)frictional, structural, and cyclical.
• B)frictional, structural, and involuntary.
• C)voluntary, involuntary, and natural.
• D)cyclical, maternity leave, and paternity leave.
• E)voluntary, involuntary, and cyclical.

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Definitions:

Right to Reimbursement

The entitlement of an individual or entity to be repaid or compensated for costs, expenses, or losses incurred on behalf of another.

Foreclosure

The legal process by which a lender takes control of a property when the borrower fails to make mortgage payments.

Lienholder

A person or entity that has a legal right or claim on another's property until a debt or duty owed by the property owner is satisfied.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, typically repayment of a debt.