Meredith Is Looking for Work as a Computer Programmer

question 69

Multiple Choice

Meredith is looking for work as a computer programmer.Although her prospects are good,she has not yet taken a job.Julie is looking for work in a steel mill.Every time she shows up for an interview,there are more people looking for work than there are openings.Someone waiting in line with her tells her it has been that way for a long time.

• A)Meredith and Julie are both frictionally unemployed.
• B)Meredith and Julie are both structurally unemployed.
• C)Meredith is frictionally unemployed,and Julie is structurally unemployed.
• D)Meredith is structurally unemployed,and Julie is frictionally unemployed.

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Definitions:

Price Elasticity

The extent to which demand for an item varies with a shift in its cost.

Income Elasticity

An indicator of the variation in demand for a product based on alterations in consumer income.

International Value

The worth of a product, service, or currency as recognized and accepted across different countries and economies.

Agricultural Exports

Products derived from farming and agriculture that are sold by one country to other countries, which can include crops, livestock, and other agricultural produce.