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.

---

Definitions:

Investments

Assets acquired for the purpose of generating income or profit, including stocks, bonds, real estate, or other vehicles.

Total Dollar Amount

The complete or aggregate sum of money expressed in dollars, typically referring to a specific financial transaction or set of transactions.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue.

Retained Use

The continued use of an asset by its owner instead of selling or replacing it.