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 Financing

The process by which a company raises capital through the sale of shares.

Depreciation

A method of allocating the cost of a tangible asset over its useful life.

Noncash Expense

Expenses recorded on an income statement that do not involve a direct cash outflow, such as depreciation or amortization.

Traditional Income Statement

A financial statement that displays a company's revenues, expenses, and net income over a specific period, typically emphasizing historical cost accounting.