Features of the Labor Market That Are Likely to Cause

question 116

Multiple Choice

Features of the labor market that are likely to cause structural unemployment include all of the following EXCEPT:

• A) labor unions.
• B) minimum wage laws.
• C) unemployment compensation.
• D) differences in the skills and experience of workers.

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Definitions:

Partial-Year Depreciation

The calculation of depreciation for assets acquired or disposed of partway through the fiscal year, based on the portion of the year that the asset was in use.

Useful Life

The estimated period of time over which a tangible asset is expected to be useful for the purposes of the business.

Depreciable Cost

The original cost of a fixed asset minus its estimated salvage value, representing the amount subject to depreciation over the asset's useful life.

Straight-Line Depreciation

A procedure for allocating the price of a physical asset over its effective life in identical annual installments.