If All Workers and All Jobs Were the Same Such

question 10

Multiple Choice

If all workers and all jobs were the same such that all workers were equally well suited for all jobs,then there would be no

• A)cyclical unemployment.
• B)frictional unemployment.
• C)natural rate of unemployment.
• D)structural unemployment.

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Definitions:

Implied Trusts

An imposed legal arrangement created by a court with the notion that parties acted as though a trust existed, despite not formally establishing one.

Courts

Judicial institutions authorized by the government to adjudicate disputes, interpret laws, and administer justice in legal cases.

Totten Trust

A form of revocable trust created by depositing funds in a bank account in the depositor's name as trustee for another, transferring the funds to the beneficiary upon the depositor's death.

Irrevocable

Refers to something that cannot be altered, canceled, or taken back once it has been established or issued.