Some Unemployment Is Unavoidable Because

question 113

Multiple Choice

Some unemployment is unavoidable because

• A)people are making transitions through the stages of life and businesses are making transitions.
• B)many part-time workers would like to have full-time work.
• C)often people become discouraged searchers.
• D)many people in the working-age population attend school and are unemployed.
• E)there is always some cyclical unemployment.

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Definitions:

Avoidable Costs

Expenses that can be eliminated if a particular decision is made or if a particular activity is discontinued.

Irrelevant Costs

Costs that should not influence decision-making because they will not change regardless of the outcome.

Sunk Costs

Past expenditures that have already been incurred and cannot be recovered or altered by current or future actions.

Decision Making

Selecting a course of action from competing alternatives.