When Various Firms Fail Because Their Output Is Not Demanded

question 187

Multiple Choice

When various firms fail because their output is not demanded by society, workers may suffer

• A)structural unemployment.
• B)frictional unemployment.
• C)seasonal unemployment.
• D)cyclical unemployment.

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Definitions:

Political Parties

Organizations that seek to achieve political power by electing their members to public office in order to advance their political ideas and policy objectives.

Interest Groups

Organizations formed to influence public policy in a way that benefits their members or the cause they support.

Democratic Government

A form of government in which power is vested in the hands of the people, directly or through freely elected representatives, and operates based on principles of majority rule and individual rights.

Independent Expenditures

Money spent by individuals or organizations to support or oppose political candidates or issues without coordination with the candidates or their campaigns.