Lines Showing the Alternatives from Decision Nodes and the Outcomes

question 10

Multiple Choice

Lines showing the alternatives from decision nodes and the outcomes from chance nodes are called

• A)weights.
• B)payoffs.
• C)diagonals.
• D)branches.

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Definitions:

Frictional Unemployment

Short-term unemployment that occurs when transitioning between jobs or entering the workforce.

Unemployment Insurance

Unemployment insurance is a government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.

Structural Unemployment

Joblessness arising from the restructuring of industries, usually caused by advancements in technology, instead of variations in market supply or demand.

Hardships Of Unemployment

The significant difficulties and stresses that individuals may encounter as a result of being without employment.