Structural Unemployment Is the Result of

question 174

Multiple Choice

Structural unemployment is the result of

• A)voluntary job quitting by workers.
• B)changing labor needs by firms during the year.
• C)technology changes or foreign competition.
• D)changes in the family structure.
• E)downturns in the business cycle.

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Definitions:

Trade-off

The concept of sacrificing one good or service to purchase or produce another.

Business Risk

The potential for financial loss or failure inherent in the operation of a business, influenced by market, industry, and internal factors.

Firm's Profits

The financial gain made by a company after deducting all expenses, costs, and taxes from its total revenue.

Guaranteed Payments

Payments that a partner receives from a partnership regardless of the partnership's income, similar to a salary for services or use of capital.