Actively Searching for a Job to Match Their Skills

question 58

Multiple Choice

actively searching for a job to match their skills.
b.
not eligible to receive employment-insurance benefits.
c.
waiting for a job to become available.
d.
relocating to another part of the country as a result of sectoral shifts.
ANSWER:
c
-Which of the following is the best example of structural unemployment?

• A)Tim is looking for a job with flexible hours but has not been offered one yet.
• B)Vickie lost her job as a graphic artist at a movie studio because she did not have training in computer-generated animation.
• C)Kirby is seeking a job as an airline pilot, but the high union wages in the industry have limited the number of jobs available.
• D)Fatima lost her job at a packing plant but has not looked very intensively for a new job because she still has two months of employment-insurance benefits left.

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Definitions:

Taxpayer's Home

The primary place of abode of a taxpayer that determines tax liabilities and benefits.

Loss Carryforward

A tax provision that allows taxpayers to use a current year's losses to reduce taxable income in future years.

Taxable Income

The portion of income that is subject to taxation after all deductions, exemptions, and adjustments.

Equipment

Physical items purchased for use in operations of a business, often subject to depreciation for tax purposes.