Establishing Employment Agencies That Speed Up the Process of Matching

question 63

Multiple Choice

Establishing employment agencies that speed up the process of matching unemployed workers with unfilled jobs is an attempt to lower:

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

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Definitions:

Balance of Payments

A financial statement summarizing a country's transactions with the rest of the world over a specified period, including trade, investment, and financial transfers.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Balance Of Trade

The difference between a country's exports and imports of goods, without including services.

Goods Exports

Refers to the selling and shipment of tangible products from one country to another, contributing to a nation’s gross domestic exports.