Which Term Refers to Unemployment That Is the Result of a Well-Functioning

question 149

Multiple Choice

Which term refers to unemployment that is the result of a well-functioning economy that rewards innovation and new ideas?

• A) frictional unemployment
• B) cyclical unemployment
• C) structural unemployment
• D) innovative unemployment

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Definitions:

Marginal Revenue

The additional income that a firm generates from selling one more unit of a good or service.

Graphing Calculators

Portable, handheld calculators capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.

Monopoly

A market structure characterized by a single seller selling a unique product in the market.

Marginal Revenue

The additional income earned from selling one more unit of a good or service.