People Who Are Unemployed Because Wages Are,for Some Reason,set Above

question 92

Multiple Choice

People who are unemployed because wages are,for some reason,set above the level that brings labor supply and demand into equilibrium are best classified as

• A)cyclically unemployed.
• B)structurally unemployed.
• C)frictionally unemployed.
• D)discouraged workers.

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Definitions:

Strategic Competitiveness

The ability of an organization to formulate and implement strategies that secure a sustainable competitive advantage in the market.

Threaten

To express intention to cause harm or take adverse action against someone in order to induce them to do or abstain from doing something.

Affirmative Action Programs

Policies designed to increase the employment opportunities for minorities and other underrepresented groups by taking positive steps to hire them.

Protected Groups

Categories of people who are legally shielded from discrimination on the basis of characteristics such as race, gender, age, or disability.