Frictional Unemployment Includes

question 69

Multiple Choice

Frictional unemployment includes

• A)unemployment caused by industries moving overseas to better meet foreign competition.
• B)unemployment caused by normal labour turnover associated with people leaving and entering the labour force.
• C)unemployment caused by a lack of education so that workers do not possess necessary job skills.
• D)unemployment caused by automation of the work place that displaces unskilled workers.

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Definitions:

Net Capital Outflow

In economic terms, it's the net flow of capital, both monetary and physical, out of a country, taking into account investments abroad minus foreign investments domestically.

National Saving

The total of private and public savings in a country, often considered as the sum of household, business, and government savings.

Domestic Investment

This refers to the total amount of money invested within a country's own borders by both private and public sectors.

Foreign-Currency Exchange

The act of exchanging one country's currency for another's, influencing international trade and economic relations.