The Causes of Frictional Unemployment Include

question 32

Multiple Choice

The causes of frictional unemployment include:

• A) the business cycle.
• B) the scarcity of information.
• C) changes of economic structure.
• D) labor unions.

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Definitions:

Hobsbawm

Eric J. Hobsbawm, a British historian known for his extensive work on the history of the 19th and 20th centuries, particularly on revolutions, the industrial age, and nation-building.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

Racism

Racism is the belief that a visible characteristic of a group, such as skin color, indicates group inferiority and justifies discrimination.

Poverty

A state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.