Which of the Following People Is Structurally Unemployed

question 95

Multiple Choice

Which of the following people is structurally 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:

Current Exchange Rate

The rate at which one currency can be exchanged for another at present.

Fair Value Method

The Fair Value Method is an accounting strategy used to value certain assets and liabilities at their current market worth, not based on purchase costs or book value.

Unrealized Gains

Profits that have been achieved on paper from an investment but have not yet been realized through a transaction.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net income or loss for the period.