An Example of the Frictionally Unemployed Is A(n)

question 114

Multiple Choice

An example of the frictionally unemployed is a(n) :

• A) autoworker who is temporarily laid off because of a decline in sales.
• B) geologist who is permanently laid off from an oil company because of a technological advance.
• C) worker at a fast-food restaurant who quits work and attends university.
• D) real estate agent who leaves a job in Montreal and searches for a similar,higher paying job in Toronto.

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Definitions:

Equity Multiplier

A financial leverage ratio that measures the portion of a company's assets that are financed by its shareholders' equity.

Debt-to-equity Ratio

This ratio showcases the relative amounts of debt and shareholders' equity employed to support a company's asset investments.

Times Interest Earned Ratio

A financial ratio measuring a company's ability to meet its interest obligations based on current earnings, indicating financial stability.

Net Profit Margin Percentage

A financial metric that shows the percentage of profit a company makes for every dollar of sales, calculated by dividing net profit by total revenue.