When Workers Voluntarily Quit a Job or Decline a Job

question 28

Multiple Choice

When workers voluntarily quit a job or decline a job offer so they can search for a better one,the resulting unemployment is called

• A) structural unemployment.
• B) frictional unemployment.
• C) cyclical unemployment.
• D) underemployment.

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Definitions:

Price Change

An adjustment in the selling price of goods or services, which can either increase or decrease depending on various factors.

Sales

The act of trading a good for cash; the process of making a sale.

Marginal Costs

The rise in the overall expense incurred from the production of an extra unit of a good or service.

Potential Customers

Individuals or organizations that could become purchasers of a product or service, but have not yet done so.