Which One of the Following People Is Frictionally Unemployed? a Steel

question 61

Multiple Choice

Which one of the following people is frictionally unemployed? A steel worker who

• A)loses her job because of technological change.
• B)is laid off but expects to be called back soon.
• C)gives up her job because she retires.
• D)decides to leave the labour force and become a full-time student.
• E)becomes discouraged and stops looking for a job.

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Definitions:

Startups

Newly established businesses, typically small, that aim to meet a marketplace need by developing a viable business model around a product, service, process, or platform.

Borrowing Money

The act of obtaining funds from an individual, bank, or financial institution to be repaid over time, often with interest.

Business Properties

Assets owned by a business, including physical locations, intellectual property, and tangible assets.

High-Technology

Pertaining to the most recent and advanced technology available, especially in the fields of electronics and computing.