James Is Currently Unemployed

question 25

Multiple Choice

James is currently unemployed. He is disappointed every Sunday when none of the job advertisements in the newspaper are for workers with his particular skill set. What type of unemployment is James experiencing?

• A)Frictional unemployment
• B)Seasonal unemployment
• C)Cyclical unemployment
• D)Structural unemployment
• E)Natural unemployment

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Definitions:

Documentary Collection

A financial transaction in which a seller instructs their bank to forward documents related to the export of goods to the buyer's bank with instructions for payment.

Commercial Letter

A document used in international trade, containing information about a transaction or agreement between businesses.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are professionally managed.

Exchange-Traded Funds

Investment funds that are tradeable on stock exchanges, similar to stocks, and hold assets such as stocks, commodities, or bonds.