An Individual Is Structurally Unemployed If

question 147

Multiple Choice

An individual is structurally unemployed if

• A) there is a recession and the individual is laid off.
• B) the individual wants to work just during certain months of the year.
• C) the individual quits a job in order to search for a better one.
• D) the individual lacks marketable job skills because technology has changed.

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Definitions:

Marginal Cost

The increase in expenses associated with the production of an extra good or service unit.

Price Discrimination

A pricing strategy where a firm sells the same product at different prices to different groups of consumers, based on their willingness to pay, without any differences in production cost.

College ID Cards

Identification cards issued by colleges or universities to students, faculty, and staff to access campus facilities and services.

Ice Cream Store

A retail shop specializing in selling ice cream and related desserts.