Which of the Following People Is Frictionally Unemployed

question 50

Multiple Choice

Which of the following people is frictionally unemployed?

• A) "I quit my job last week and will start a new one next week."
• B) "I lost my job because I was replaced by a robot."
• C) "I was laid off at the Ford plant because car sales are down in the recession."
• D) "I quit looking for work after unsuccessfully trying to find a job for two years."
• E) "I quit my work at the farm after the harvest was over."

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Definitions:

Autarky

A national economic policy aimed at self-sufficiency, avoiding the import of foreign goods.

Netherlands

A country located in Northwestern Europe known for its flat landscape, extensive canal systems, tulip fields, windmills, and cycling routes.

Belgium

A country in Western Europe known for its medieval towns, Renaissance architecture, and as the headquarters of the European Union and NATO.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.