Frictional Unemployment Is the Result of

question 67

Multiple Choice

Frictional unemployment is the result of

• A)technological change or foreign competition.
• B)a slowdown in the rate of economic expansion.
• C)the economy entering a strong expansion.
• D)normal labour market turnover.
• E)changes in the weather.

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Definitions:

Sales

Revenue generated from goods or services transacted by a company.

Product Warranty

A guarantee provided by a seller that a product will meet certain performance and quality standards or will be repaired or replaced within a certain period.

Warranty Repairs

Services provided to repair or replace products that fail to meet certain standards or conditions specified in a warranty agreement.

Adjusting Entry

Journal entries made in accounting at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.