Frictional Unemployment Can Be the Consequence of

question 35

Multiple Choice

Frictional unemployment can be the consequence of

• A)workers leaving existing jobs to find ones they like better.
• B)one industry declining while another is growing.
• C)changes in the working conditions offered by competing firms.
• D)All of the above are correct.

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Definitions:

Promisor

In a third-party beneficiary contract, the party to the contract who made the promise that benefits the third party.

Third-Party Beneficiary

An individual or entity that, though not a party to a contract, stands to benefit from its execution.

American Rule

A legal principle stating that each party in a lawsuit is responsible for its own attorney's fees, except if otherwise provided by statute or agreement.

First-Assignment-In-Time Rule

A principle in law that gives priority to the party that first received the property or asset, often used in disputes over claims or ownership.