Which of the Following Is an Example of a Worker

question 87

Multiple Choice

Which of the following is an example of a worker experiencing 'frictional unemployment'?

• A)A worker who quits his job at the post office to find more interesting work.
• B)A computer programmer who loses her job because it is outsourced to India.
• C)An employee who loses his job because the economy is suffering a recession.
• D)An airline pilot who loses her job because of lack of demand for air travel.

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Definitions:

Average Revenue Curve

A graphical representation showing how the average revenue per unit sold changes with changes in the quantity of the product sold.

Marginal Revenue Curve

A graphical representation showing the additional revenue a firm can earn by selling one more unit of a good or service.

Marginal Profit

The additional profit earned from selling one more unit of a product or service.

Marginal Revenue

The incremental profit made from the sale of an additional unit of a good or service.