What Kind of Unemployment Occurs as Labor and Capital Shift

question 17

Multiple Choice

What kind of unemployment occurs as labor and capital shift from one sector of the economy to another?

• A) seasonal unemployment
• B) frictional unemployment
• C) structural unemployment
• D) cyclical unemployment
• E) unintentional unemployment

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Definitions:

Income Statement

A financial report showing the company’s revenues, expenses, and profits over a specific period of time.

Administrative Expense

Costs related to the general operation of a business that are not directly tied to producing goods or services, such as salaries of office staff and utilities.

Other Expense

Expenses that cannot be traced directly to operations.

Unusual Item

An uncommon or rare event that affects a company's financial statements, not expected to recur frequently.