Meredith Is Looking for Work as a Computer Programmer

question 77

Multiple Choice

Meredith is looking for work as a computer programmer. Although her prospects are good, she hasn't yet taken a job. Julie is looking for work in a steel mill, but there aren't many job ads for steel workers and every time she shows up for an interview, there are many more people than openings. Which of the following best describes the nature of these persons' unemployment?

• A)Meredith and Julie are both frictionally unemployed.
• B)Meredith and Julie are both structurally unemployed.
• C)Meredith is frictionally unemployed, and Julie is structurally unemployed.
• D)Meredith is structurally unemployed, and Julie is frictionally unemployed.

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Definitions:

Transitivity

Transitivity in decision making refers to the consistency among choices, where if option A is preferred over B and B over C, then A should be preferred over C.

Indifference Curves

Graphical representations used in microeconomics to show different combinations of two goods that give a consumer equal satisfaction and utility.

Marginal Rate

Marginal Rate often refers to the additional cost or benefit associated with a slight increase in production or activity, influencing decisions in finance and economics.

Convex

A shape or function where a line segment between any two points on its boundary or graph lies above or on the shape or graph.