The Portion of Unemployment That Is Attributable to an Overall

question 77

Multiple Choice

The portion of unemployment that is attributable to an overall decline in the economy's business activity is called:

• A)​frictional unemployment.
• B)​underemployment.
• C)​cyclical unemployment.
• D)​structural unemployment.

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Definitions:

Direct Labor-hours

The sum of working hours of employees directly contributing to the production activities.

Cash Disbursements

Payments made in cash by a business, including operating expenses, purchasing of assets, and other financial activities.

Manufacturing Overhead

All manufacturing costs that are not directly related to the production of a product, including expenses such as rent, utilities, and salaries for managers.

Direct Labor Cost

The cost that can be directly attributed to the production of specific goods or services, such as wages of employees directly involved in production.