Sam Has No Job but Keeps Applying to Get a Job

question 214

Multiple Choice

Sam has no job but keeps applying to get a job with a business that is unionized. He is qualified and he finds the pay attractive, but the firm is not hiring. Sam is

• A)structurally unemployed.Structural unemployment exists even in the long run.
• B)structurally unemployed.Structural unemployment does not exist in the long run.
• C)frictionally unemployed.Frictional unemployment exists even in the long run.
• D)frictionally unemployed.Frictional unemployment does not exist in the long run.

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Definitions:

Robinson-Patman Act

American federal legislation that aims to stop producers from participating in anticompetitive actions, explicitly targeting the practice of price discrimination.

Wholesalers

Businesses or individuals that sell goods in large quantities at lower prices, typically to retailers or professional users rather than consumers.

Patent Licensing

An agreement in which a patent holder allows another party to use, make, sell, or distribute the patented invention for a defined period, terms, and territory.

Tying Agreements

Business arrangements where the buyer of a product or service is required to purchase an additional product or service from the seller.