Which of the Following Statements About Frictional Unemployment Is True

question 110

Multiple Choice

Which of the following statements about frictional unemployment is true?

• A)It can be eliminated only in a free society.
• B)It is a long-term unemployment.
• C)It does not exists in developed economies.
• D)It is also called structural unemployment.
• E)It arises when people elect to change jobs.

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Definitions:

External Data

Information sourced from outside the organization, used for analysis, benchmarking, or decision-making processes.

Mass Customization

A production technique that allows for personalization or tailoring of products to individual customers' preferences while maintaining the efficiency of mass production.

80/20 Principle

Also known as the Pareto Principle, it suggests that 80% of effects come from 20% of causes, commonly applied in business and productivity analysis.

Psychographic Characteristics

Attributes of consumers that relate to their personalities, values, attitudes, interests, and lifestyles.