Which of the Following Is the Best Example of Frictional

question 65

Multiple Choice

Which of the following is the best example of frictional unemployment?

• A)A worker is laid off because his firm has to reduce production due to reduced demand.
• B)A worker quits her current job to search for a better one.
• C)An ironworker cannot find a job in Ottawa because all job vacancies are in Alberta.
• D)Bank tellers are unable to find jobs due to technological advances in the banking system.
• E)Inflationary pressures have led to higher wages for all jobs.

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Definitions:

Articles of Incorporation

Official documents filed with a governmental body to legally form a corporation, outlining its structure, purpose, and operations.

Secretary of State

A high-ranking government official typically responsible for the foreign affairs of a country, or in some cases, domestic administrative duties within state governments in the United States.

Preincorporation Contract

An agreement made by individuals before the formation of a corporation, which the corporation may later adopt or ratify.

Promoter

An individual or organization that helps to initiate and plan significant events, businesses, or movements.