Robin Just Graduated from College and Is Seeking Her First

question 190

True/False

Robin just graduated from college and is seeking her first job. She received a degree in engineering at a prestigious university. Robin has several leads and has heard that the market for engineers is very strong, so she is convinced that she should locate a good job in the near future. Robin's current situation is an example of structural unemployment.

---

Definitions:

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Income-Tax Filers

Individuals or entities that submit a report of their income to a governmental body to assess tax liabilities.

Efficiency Losses

The reduction in economic welfare resulting from distortions in resource allocation or market behavior.

Externalities

Costs or benefits that result from an activity or transaction and affect others who did not choose to incur that cost or benefit.