Ms Krupsky Has Shorthand and Typing Skills and Still Finds

question 397

Multiple Choice

Ms. Krupsky has shorthand and typing skills and still finds herself unemployed. In today's economy, Ms. Krupsky is an example of what type of unemployment?

• A) cyclical unemployment
• B) frictional unemployment
• C) structural unemployment
• D) None of the above answers is correct.

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Definitions:

Imitation

is the action of using someone or something as a model and attempting to replicate their success or characteristics.

Economies of Scale

Advantages in costs that companies gain by operating at larger scales, resulting in lower cost per unit as the scale expands.

Product Innovation

The process of developing new products or improving existing ones to meet changing consumer needs and preferences.

Process Innovation

The implementation of new or significantly improved production or delivery methods, enhancing efficiency or quality in the manufacturing or service sectors.