Frictional Unemployment Would Increase When

question 158

Multiple Choice

Frictional unemployment would increase when

• A) there is a fall in aggregate demand.
• B) workers are replaced by machines and the workers do not have the skills necessary to perform new jobs.
• C) discouraged workers leave the labour force.
• D) the number of individuals who quit their job to find another increases.

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Definitions:

Purchasing

The process of acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.

Vendors And Suppliers

Businesses or individuals that provide products or services to other entities as part of the supply chain.

Payments

Transactions involving the transfer of money or valuables in exchange for goods, services, or to fulfill obligations.

Cost Reimbursable Contract

A type of contract where the purchaser agrees to pay the supplier for actual costs incurred plus a fee or profit.