Examlex
Three workers worked 10 , 15
, 20
hours respectively. What was the total cost of labour if the workers were paid $20.00 per hour?
Discouraged Workers
Individuals who are not actively seeking employment because they believe no jobs are available for them.
Frictionally Unemployed
Individuals who are temporarily out of work while moving between jobs or looking for their first jobs.
Voluntarily Quits
The act of an employee choosing to leave their job out of their own will, often for reasons such as a better opportunity, personal reasons, or dissatisfaction with the current job.
Full Employment
A situation where all available labor resources are being used in the most efficient way possible, leading to no cyclical unemployment.
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