From Time to Time,the Demand for Workers Has Risen in One

question 37

Multiple Choice

From time to time,the demand for workers has risen in one region of the United States and fallen in another.This illustrates

• A)frictional unemployment created by efficiency wages.
• B)structural unemployment created by efficiency wages.
• C)frictional unemployment created by sectoral shifts.
• D)structural unemployment created by sectoral shifts.

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Definitions:

Fixed Cost Element

The portion of total costs that does not change with the variation in activity level or production volume.

CVP Analysis

Cost-Volume-Profit Analysis, a tool used to determine how changes in costs and volume affect a company's operating income and net income.

Variable

An element, feature, or factor that is likely to vary or change in ways that can affect the outcome of research or experiments.

Fixed

Typically refers to costs or assets that remain constant and do not vary with the level of activity or production.