There Are Four Types of Unemployment

question 75

Multiple Choice

There are four types of unemployment:

• A) seasonal, frictional, structural and annual.
• B) seasonal, fractional, structural and cyclical.
• C) seasonal, frictional, discouraged and cyclical.
• D) seasonal, frictional, structural and cyclical.

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Definitions:

China

A populous country in East Asia, known for its ancient civilization and as a major economic and political power in the modern world.

Trade Restrictions

Regulations or policies that limit international trade, often imposed to protect domestic industries from foreign competition.

Tariffs

Taxes imposed on imported goods, usually to protect domestic industries or generate revenue for the government.

Quotas

Limits set by governments on the quantity of a specific good that can be imported or exported during a particular time frame.