By Offering Training to Workers Whose Firms Laid Them Off

question 7

Multiple Choice

By offering training to workers whose firms laid them off because of competition from foreign firms,the federal government is attempting to reduce

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

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Definitions:

Beginning Inventory

The value of the inventory that a company has at the start of an accounting period, before any purchases or sales have occurred.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.

Consignment

A sales arrangement in which goods are placed in the care of another, but ownership and title remain with the supplier until the goods are sold.

Net Income

The amount of earnings after all expenses and taxes have been deducted from revenue.