Adam Is Looking for a Job in Marketing

question 147

Multiple Choice

Adam is looking for a job in marketing.He has had some offers and his prospects are promising,but he has not yet accepted a job.Amanda lost her job working for Mercury Bicycles because many customers decided they prefer bicycles manufactured by Ultimate Bicycles instead.Who is frictionally unemployed?

• A)Adam but not Amanda
• B)Amanda but not Adam
• C)both Adam and Amanda
• D)neither Amanda nor Adam

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Definitions:

Strategies

Plans of action designed to achieve a long-term or overall aim, commonly applied within contexts such as business, military, and gaming.

Dominant Strategy

In game theory, an approach that secures the optimal result for a participant, no matter the actions taken by other competitors.

Cooperate

To work or act together towards a common goal or benefit, often seen in contexts of game theory, business, and social interactions.

Defect

An imperfection or shortcoming in a product, system, or process that detracts from its intended function or performance.