Which of the Following Is an Example of a Worker

question 187

Multiple Choice

Which of the following is an example of a worker experiencing frictional unemployment?

• A)A worker quits his job at the U.S.Post Office to find more interesting work.
• B)A computer programmer loses her job because it is outsourced to India.
• C)An employee is laid off because the economy is suffering a recession.
• D)A United Airlines pilot loses her job because of lack of demand for air travel.

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Definitions:

Supply Curve

The Supply Curve is a graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing and able to sell at each price level.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource or factor of production.

Marginal Product

The additional output that is produced by employing one more unit of a specific input, holding other inputs constant.

Skilled Workers

Employees who have specialized training, knowledge, and experience in certain fields, making them highly valuable in the workforce.