Juan Lost His Job as a Nuclear Physicist Working for a Defense

question 34

Multiple Choice

Juan lost his job as a nuclear physicist working for a defense contractor.He can not find a job because no firms in the defense industry or any other industry are hiring people with his skills.Juan is ______________ unemployed.

• A) frictionally
• B) cyclically
• C) structurally
• D) naturally

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Definitions:

Double Tax Exemption

A tax principle where certain income is shielded from taxation at both the corporate and individual levels.

Ownership and Control

The legal rights to possess, use, and manage assets or property, and the ability to direct the operations and activities of an entity or resource.

Limited Liability

A legal structure that limits the financial liability of investors or owners to the amount they have invested in a company, protecting personal assets.

Transferability of Ownership

The capability to legally transfer the title or ownership of an asset or property from one entity to another.