The Primary Cause of Frictional Unemployment Is

question 58

Multiple Choice

The primary cause of frictional unemployment is:

• A) discouraged workers who give up looking for work.
• B) fluctuations in aggregate demand.
• C) the lack of training and marketable qualifications in job seekers.
• D) inaccurate information about job opportunities.

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Definitions:

Population Mean

The average value of all the elements in a population, representing a central measure of tendency for the distribution of values.

Christmas Trees

In the oil and gas industry, an assembly of valves, spools, and fittings used on a wellhead to control the flow of oil and gas.

Differential Cost

The difference in cost between two alternative decisions, or a change in cost from one period to the next.

Incremental Cost

The additional cost that a company incurs when producing one more unit of a product.