Fred Lost His Factory Job, Replaced by Welding Robots

question 78

Multiple Choice

Fred lost his factory job, replaced by welding robots. He is now going to technical school to learn computer repair because he cannot find a similar job to the one he lost. Fred is:

• A)​Frictionally unemployed.
• B)​Structurally unemployed.
• C)​Cyclically unemployed.
• D)​Not unemployed.

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Definitions:

Fait Accompli

A situation or action that has already been completed and is irreversible, often presented to others as an accomplished event.

Bargaining Range

The spectrum of possible agreements in a negotiation process, bounded by the least favorable terms acceptable to each party.

Opening Stance

The initial position or attitude taken by a party at the beginning of a negotiation or discussion.

Counteroffer

A proposal made in response to an initial offer, suggesting different terms or conditions.