Structural Unemployment

question 250

Multiple Choice

Structural unemployment:

• A)results when there are more job hunters than jobs.
• B)affects those entering the labor force for the first time.
• C)is zero when the economy is in full employment.
• D)is caused by short-run economic fluctuations.

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Definitions:

Purchases of Real Assets

The acquisition of physical or tangible assets such as real estate, equipment, or commodities.

Financial Account

A component of the balance of payments that records transactions that cause a change in ownership of financial assets and liabilities between residents and non-residents.

Balance Surplus

The amount by which income exceeds expenditures in a budget, or the excess of receipts over payments in an account.

Balance Deficit

A financial situation where expenditures exceed revenue over a specific period, often used in the context of government budgets.