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Classify each of the following cases as frictional,structural,or cyclical unemployment.
(a)John graduated from college and is currently looking for a job.
(b)A farmer lost his job because the area he lives in was transformed into a highly industrialized zone.
(c)Eliot works in the automobile industry in Detroit.He lost his job because cheaper imported cars have poured into America from Mexico.
(d)Mrs.Dunkin finished raising her children and decided to look for a job.
(e)Elizabeth lost her job because the company she used to work for merged with another company.
(f)David,who is a restaurant manager,lost his job because of a recession.
Truck
A large, heavy motor vehicle used for transporting goods, materials, or large numbers of people.
Opportunity Cost
The cost of the next best alternative foregone when making a decision.
Soybeans
Soybeans are a type of legume native to East Asia, widely grown for their edible bean which has numerous uses, including oil, meal, and as a vegetable.
Alfalfa
A perennial flowering plant often used in agriculture as fodder for livestock due to its high nutritional content and nitrogen-fixing properties.
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