When Is the Labour Market Considered to Be at 'Full

question 100

Multiple Choice

When is the labour market considered to be at 'full employment'?

• A)When there are no unemployed workers.
• B)When all unemployment is frictional or structural.
• C)When all unemployment is voluntary.
• D)When there are more unemployed workers than job vacancies.

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Definitions:

ROE

Return on Equity, a financial performance metric determined by dividing net income by shareholders' equity.

Industry Life Cycle

The stages through which an industry goes from its inception to its decline, typically categorized as introduction, growth, maturity, and decline.

Necessities

Basic needs required for sustaining human life, such as food, water, shelter, and clothing.

Income

Money received, especially on a regular basis, for work or through investments.