One of the Social Benefits of Frictional Unemployment Is That

question 204

Multiple Choice

One of the social benefits of frictional unemployment is that

• A)workers get time off from work.
• B)economic growth is limited.
• C)workers move from less to more valuable firms.
• D)wage rates decrease.

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Definitions:

Industrial Revolution

Development of large-scale factory production that began in Great Britain around 1750 and spread to the rest of Europe, North America, and Australia.

Worker Productivity

A measure of the output of goods and services produced by a worker within a certain period of time.

Direct Supervision

A management approach where a supervisor directly oversees and controls the work activities of employees.

Sole Proprietor

A business owned and operated by a single individual, where the owner is personally responsible for the business's debts.