During the Off Season, a Fruit Picker Did Not Work

question 84

Multiple Choice

During the off season, a fruit picker did not work, so he should be considered:

• A)cyclically unemployed.
• B)frictionally unemployed.
• C)structurally unemployed.
• D)seasonally unemployed.
• E)occasionally unemployed.

---

Definitions:

Exchange-Traded Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell a specific amount of a security at a set price on or before a certain date.

Call Contract

An options contract that gives the holder the right to buy an underlying asset at a specified price within a certain time frame.

Premium

The amount by which the price of a security, especially a bond or insurance policy, exceeds its principal amount or face value.

American-Style Option

A type of options contract that can be exercised at any time before expiration, offering more flexibility than European-style options.