When Various Firms Fail Because Their Output Is Not Demanded

question 187

Multiple Choice

When various firms fail because their output is not demanded by society, workers may suffer

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

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Definitions:

Range

In a general context, it refers to the extent or scope of something, such as variation between upper and lower limits on a particular scale.

Statistically Significant

A determination that a relationship between two or more variables is caused by something other than chance, based on statistical analysis.

Standard Deviations

A measure of the amount of variation or dispersion in a set of values, indicating how much the values differ from the mean of the set.

Central Tendency

A statistical measure that identifies a central or typical value for a set of data, commonly represented by the mean, median, or mode.