If a Worker Becomes Unemployed Because of an Increase in the Minimum

question 125

Multiple Choice

If a worker becomes unemployed because of an increase in the minimum wage, that worker is:

• A)frictionally unemployed.
• B)structurally unemployed.
• C)cyclically unemployed.
• D)engaged in job search.

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Definitions:

Unskilled Labor

Refers to a segment of the workforce that requires no specific skills or education to perform their jobs.

Self-serve

A service model that enables customers to perform services themselves without the need for direct service employee interaction.

Marketing Concern

Issues or areas of interest specific to the marketing field, such as customer satisfaction, brand perception, or market segmentation.

Equipment-based Services

Services that primarily rely on machinery and equipment to deliver value to customers, such as laundry or car rental services.