Frictional Unemployment Refers to Unemployment That Is a Result Of

question 113

Multiple Choice

Frictional unemployment refers to unemployment that is a result of:

• A)a mismatch of skills.
• B)being out of work 27 weeks or longer.
• C)job search.
• D)seasonal decreases in demand for labor.
• E)a recession in the economy.

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Definitions:

Joint Venture

A collaborative agreement where several participants contribute their resources to fulfill a targeted objective.

Licensing Agreement

A contract in which one company (the licensor) grants permission to another company (the licensee) to use the licensor’s intellectual property in return for payment.

Ethical Decision

The process of choosing among alternatives in a manner consistent with ethical principles.

Forum Selection Clauses

Provisions in a contract that establish the jurisdiction or court in which disputes arising from the contract will be resolved.