Short-Term Unemployment Is Most Likely to Be ______ Unemployment,while Long-Term

question 14

Multiple Choice

Short-term unemployment is most likely to be ______ unemployment,while long-term unemployment is most likely to be ______ unemployment.

• A) structural; frictional
• B) structural; the natural rate of
• C) the natural rate of; frictional
• D) frictional; structural

---

Definitions:

Direct Labor

Direct labor costs are the wages and related expenses paid to employees who directly work on the production of goods or services.

Product Costs

Direct costs attributable to the production of goods, including direct labor, materials, and manufacturing overhead, capitalized as inventory and then expensed as sold.

Total Period Costs

All expenses incurred by a business that are not directly tied to the production of goods or services within a specific period.

Cost of Work

The total expense incurred in producing goods or services, including materials, labor, and overhead costs.