Which of the Following Are Equivalent Terms

question 92

Multiple Choice

Which of the following are equivalent terms?

• A) The absence of structural unemployment and the absence of cyclical unemployment
• B) Normal employment and the absence of structural unemployment
• C) Full employment and the absence of cyclical unemployment
• D) Normal employment and the absence of frictional unemployment
• E) Null employment and the absence of frictional unemployment.

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Definitions:

Merchantable

A standard in sales law indicating that goods are fit for the ordinary purposes for which such goods are used.

Average, Fair

An assessment or rating that denotes something as being within an acceptable or middle range of quality or value.

Medium-Grade Quality

Describes products or materials that meet a standard of performance or durability that is considered average or moderate in comparison to others.

Breach of Warranty

The failure to fulfill the terms of a promise, guarantee, or warranty in a contract, leading to potential legal action for damages.