Examlex

Solved

The Three Basic Types of Unemployment Are ____,____,And ____

question 361

Short Answer

The three basic types of unemployment are ____,____,and ____.


Definitions:

Opportunity Cost

The financial consequence of bypassing the subsequent optimal opportunity in favor of another decision.

Emeralds

Precious green gemstones that are highly valued for their beauty, rarity, and hardness.

Rubies

Precious red gemstones that are valued for their color, hardness, and rarity.

Opportunity Cost

The potential benefit that one misses out on when choosing one alternative over another.

Related Questions