A Worker Classified as Frictionally Unemployed Is One Who Is

question 44

Multiple Choice

A worker classified as frictionally unemployed is one who is:

• A) laid off during a recession.
• B) discouraged and has dropped out of the labor force.
• C) unemployed while looking for a job that demands his or her skills.
• D) working part time but would prefer to work full time.

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Definitions:

Marginal Cost

The increase in cost resulting from the production of an extra product or service unit.

Marginal Cost

The cost of producing one more unit of a good or service, which may change with the level of output.

Fixed Cost

Expenses that remain constant regardless of production or sales volume, including rent, salaries, and insurance.

Total Cost

The total of all costs associated with producing goods or services, encompassing both constant and fluctuating expenses.