What Are the Four Main Categories of Unemployed Workers

question 38

Multiple Choice

What are the four main categories of unemployed workers?

• A)new entrants, job losers, job leavers and re-entrants
• B)discouraged workers, part-time workers, the cyclically unemployed, and the frictionally unemployed
• C)job losers, job leavers, the structurally unemployed, and the frictionally unemployed
• D)discouraged workers, job losers, new entrants, and the underemployed

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Definitions:

Variable Cost

Costs that vary directly with the level of production or output, such as raw materials and direct labor.

Fixed Cost

Costs that remain constant in total regardless of changes in the level of activity within a relevant range, such as rent, salaries, and insurance premiums.

Variable Cost

Costs that vary directly with the level of production or service activity.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.