Under Which of the Following Conditions Does Full Employment Exist

question 69

Multiple Choice

Under which of the following conditions does full employment exist?  

• A) when there is cyclical unemployment, but no frictional, structural, or seasonal unemployment 
• B) when the unemployment rate is zero 
• C) when everyone in the labour force has a job 
• D) when there is no cyclical unemployment, but there is some frictional, structural, and seasonal unemployment

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Definitions:

Cooling-Off Laws

Laws that provide a cooling-off period during which the buyer may cancel the contract, return any merchandise, and obtain a full refund.

Door-to-Door

A direct selling approach where salespeople visit potential customers at their homes or businesses to offer products or services.

Sales Ethics

Principles and standards governing the conduct of individuals or organizations engaged in sales, focusing on fairness, honesty, and responsibility.

Ethical Problems

Situations or dilemmas that involve conflicts between moral imperatives, often challenging individuals or businesses to choose actions that are morally right.