The Category of Unemployment That Is a Byproduct of Geographic

question 30

Multiple Choice

The category of unemployment that is a byproduct of geographic and occupational mobility and generally considered to be a temporary problem is:

• A)frictional unemployment.
• B)underemployment.
• C)cyclical unemployment.
• D)structural unemployment.
• E)seasonal unemployment.

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Definitions:

Opportunity Cost

The sacrifice of possible benefits from other options when selecting a specific one.

Income Tax

A tax levied by governments on individuals' or entities' income and earnings.

Distance Learning

A method of education that allows students to study and learn remotely without being physically present in a traditional classroom setting.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the cost per unit of output.