Arthur Is an Unskilled Worker Who Is Currently Unemployed

question 105

Multiple Choice

Arthur is an unskilled worker who is currently unemployed. He has been offered a job that pays $40 a day, but he is currently receiving unemployment insurance benefits equal to $50 a day, so he chooses not to accept the job and to continue looking for a better job. Arthur is ________ unemployed.

• A)frictionally
• B)structurally
• C)cyclically
• D)not

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Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Pricing

The process of determining the value or amount charged for a product or service.

Market

A market is a venue where buyers and sellers come together to exchange goods, services, or information, either physically or virtually.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on various factors not related to costs.