Juanita Worked for a Defense Contractor in the United States

question 13

Multiple Choice

Juanita worked for a defense contractor in the United States.During the 2008 recession,the government cut spending and Juanita and ninety-nine others were laid off.In such a case,the unemployment Juanita is experiencing is _____.

• A)cyclical
• B)structural
• C)seasonal
• D)frictional
• E)voluntary

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Definitions:

Human Capital

The combined abilities, expertise, and other non-material assets possessed by people that can be leveraged to generate economic benefits for themselves, their workplace, or the society.

Free Markets

Economic systems where transactions are conducted without significant government intervention, allowing for the free exchange of goods and services based on supply and demand.

Education Levels

The attainment or degree of educational qualifications measured across a population, reflecting various stages like primary, secondary, and tertiary education.

Literacy Rates

Literacy Rates measure the percentage of the population over a certain age that can read and write, often used as an indicator of educational achievement.