What Is the Term for Workers Who Are Temporarily Unemployed

question 108

Multiple Choice

What is the term for workers who are temporarily unemployed but who normally find jobs quickly?  

• A) frictionally unemployed 
• B) cyclically unemployed 
• C) seasonally unemployed 
• D) structurally unemployed

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Definitions:

Price Discrimination

The strategy of selling the same product at different prices to different groups of consumers, based on their willingness to pay.

Privatization

The process of transferring ownership of a business, enterprise, agency, or public service from the government to private individuals or organizations.

Monopolization

The process or state where a single company or entity gains exclusive control over a particular market or industry.

Natural Monopolies

A market dominated by a single seller because of high entry barriers or because the service or product is most efficiently supplied by a single provider.