Workers with Marketable Skills Sometimes Quit a Job and Become

question 49

Multiple Choice

Workers with marketable skills sometimes quit a job and become unemployed, with the expectation of soon finding a better job. This type of unemployment is called

• A)overly- optimistic unemployment.
• B)structural unemployment.
• C)historical unemployment.
• D)frictional unemployment.
• E)cyclical unemployment.

---

Definitions:

Great Leap Forward

An economic and social campaign by the Communist Party of China (1958-1962) aimed at rapidly transforming China into a socialist society and increasing industrial and agricultural production.

Communists

Individuals or groups who support or believe in the principles of communism, which is a political and economic ideology advocating for a classless society in which all property and wealth are owned communally.

Private Property

Legal designation for the ownership of property by non-governmental legal entities or individuals, protected by law.

Economic Reforms

Refers to changes implemented to improve an economy by modifying policies, regulations, and institutions.