Which of the Following Is an Example of Frictional Unemployment

question 102

Multiple Choice

Which of the following is an example of frictional unemployment?

• A) Dave searches for a new job after voluntarily moving to Winnipeg.
• B) Elaine is willing to work for less than the minimum wage,but employers cannot hire her.
• C) Bill is qualified and would like to be an airline pilot,but airlines do not find it profitable to hire him at the wage established by the airline pilot's union.
• D) Joan is willing to work at the going wage,but there are no jobs available.

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Definitions:

Squared Deviations

The squares of the differences between individual observations and the mean of those observations, used in variance and standard deviation calculations.

Cost Line

A graph representation showing the relationship between the cost incurred by a company and the level of activity or volume of production.

Activity-based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate representation of product costs.

Direct Materials

Raw materials that are directly consumed in the manufacturing process of a product and are easily identifiable in the final product.