An Example of a Cyclically Unemployed Individual Is

question 32

Multiple Choice

An example of a cyclically unemployed individual is

• A) Charles, who lost his job as a real estate salesperson when the housing market declined.
• B) Alice, who quit her job to enter college.
• C) Mary, who lost her job in the textile industry following a decrease in the tariff on textiles.
• D) Bob, who lost his job in an oil production company after a surge in global oil supply led to falling oil prices.

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Definitions:

Maturity Value

The total amount that will be paid to an investor at the end of a fixed-income security's term, including both the original principal and the interest earned.

Promissory Note

A written promise to pay a specified amount of money at a predetermined time or on demand to a named party.

Interest Value

The amount of income earned from an investment, typically expressed as a percentage of the principal.

Face Value

The nominal or dollar value printed on a security or a financial instrument, such as a bond or stock, representing its legal value.