When a Worker Quits a Job to Look for a Better

question 155

Multiple Choice

When a worker quits a job to look for a better job

• A) structural and cyclical unemployment increase.
• B) structural unemployment decreases.
• C) cyclical unemployment increases.
• D) frictional unemployment increases.

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Definitions:

Scarcity

Occurs when the amount people desire exceeds the amount available at a zero price.

Choice

The act of selecting between two or more possibilities, often present in decision-making processes.

Economics

The study of how people use their scarce resources to satisfy their unlimited wants

Physical Capital

Manufactured items used to produce goods and services; includes new plants and new equipment.