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The Following Items Describe the Responses of Four Individuals to a Bureau

question 89

Multiple Choice

The following items describe the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment. 1. Mollie just graduated from college and is now looking for work. She has had three job interviews in the past month, but still has not gotten a job offer.
2) George used to work in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work in a few months when national economic conditions improve.
3) Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the Federal government cut defense spending. She has been looking for similar work for a year but no company seems interested in her aircraft design skills.
4) Ricardo lost his job last year when his company downsized and laid off middle-level managers. He tried to find another job for a year, but was unsuccessful and quit looking for work.
Refer to the above information. Which individual is frictionally unemployed?

Definitions:

Par Value

The nominal or face value of a stock or bond, typically used as an accounting standard rather than reflecting market value.

Fair Value

The price achievable in the sale of an asset or required to settle a liability in a seamless transaction with market participants at the date set for evaluation.

Common Stock

A form of corporate equity ownership, representing a claim on a portion of the company's profits and a right to vote on major company decisions.

Acquisition

The process by which one company purchases most or all of another company's shares or assets, gaining control over the acquired company.