Curtis Is a Stockbroker

question 64

Multiple Choice

Curtis is a stockbroker.He has had several job offers,but he has turned them down because he thinks he can find a firm that better matches his tastes and skills.John is an accountant.He has looked for work for some time,but no accounting firms are hiring.Which of the following best describes the nature of their unemployment?

• A) John and Curtis are both frictionally unemployed.
• B) John and Curtis are both structurally unemployed.
• C) Curtis is frictionally unemployed,and John is structurally unemployed.
• D) Curtis is structurally unemployed,and John is frictionally unemployed.

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Definitions:

Production

The process of creating, manufacturing, or using goods and services.

Units

Basic quantities or measurements in which variables, production, or processes are expressed and analyzed.

February

The second month of the Gregorian calendar, known for having 28 days in common years and 29 days in leap years.

Direct Materials Purchases

The total amount of raw materials bought by a company for use in production during a specific accounting period.