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

question 104

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)frictionally unemployed.
• C)structurally unemployed.
• D)cyclically unemployed.

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Definitions:

Member Countries

Refers to the nations that are part of an international organization or agreement.

Free Flow

A concept often related to logistics or operations management, referring to the movement of goods, services, or information without hindrance or delay.

Borders

The boundaries or limits of a geographical area, or metaphorically, the limits within which an organization or policy may operate.

Switzerland

A landlocked country in Central Europe known for its mountains, watches, neutrality, and high quality of life.