If a Person Is Laid-Off from a Job and Told

question 125

Multiple Choice

If a person is laid-off from a job and told that they will be brought back as soon as the economy picks up and demand for their product rises, then economists call this person

• A)underemployed.
• B)structurally unemployed.
• C)frictionally unemployed.
• D)cyclically unemployed.

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Definitions:

Teaching-Learning Activity

Any task or project designed to facilitate the acquisition of knowledge, skills, or competencies through instruction, study, or experience.

Application of Knowledge

The use of acquired information and insights in practical situations to solve problems or create value.

Attitudes

A settled way of thinking or feeling about something, typically reflected in a person's behavior.

Piaget's Learning Theory

A theory of cognitive development that describes the stages children go through as they learn and how children's intellect grows through interaction with their environment.