Frictional Unemployment Is Inevitable Because

question 11

Multiple Choice

Frictional unemployment is inevitable because

• A)sectoral shifts are always happening.
• B)there is a federal minimum-wage law in the U.S.
• C)some people do not want to be employed.
• D)unions are very popular in the U.S.

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Definitions:

Legal Proceeding

A sequence of actions conducted formally in a court of law for the resolution of disputes or criminal charges.

Bankruptcy Trustee

An individual or entity appointed in bankruptcy cases to represent the interests of the bankruptcy estate and the creditors, managing the debtor's property and dividing it among the creditors.

Chapter 7

is a bankruptcy provision under the U.S. Bankruptcy Code that involves the liquidation of a debtor's non-exempt assets to pay off creditors.

Debtor's Business

Refers to a business entity that owes money or other liabilities to another party, known as the creditor.