Which of the Following Types of Unemployment Is Directly Associated

question 175

Multiple Choice

Which of the following types of unemployment is directly associated with insufficient overall demand for goods and services?

• A) search unemployment
• B) wait unemployment
• C) cyclical unemployment
• D) frictional unemployment

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Definitions:

Contribution Margin Ratio

The percentage of each sales dollar remaining after variable costs have been subtracted, indicating how much contributes to covering fixed costs and generating profit.

Fixed Costs

Costs that do not vary with the level of production or sales, including rent, salaries, and insurance premiums.

Break-even

The point at which total costs and total revenues are equal, resulting in no net loss or gain for a business.

Sales

The total revenue generated from selling goods or services over a certain period.