If You Hear a Person Saying "I Lost My Job

question 224

Multiple Choice

If you hear a person saying "I lost my job at a call center because my employer has outsourced all customer service to India," you should conclude that this person is ________ unemployed.

• A) cyclically
• B) structurally
• C) frictionally
• D) seasonally

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Definitions:

Clearly Establishing

The process of defining or setting precise boundaries, rules, or standards.

Money Orders

Prepaid payment instruments issued for a specified amount, guaranteeing payment to the recipient.

Cashier's Checks

A check issued by a bank, drawn on its own funds rather than on one of its depositor's accounts, ensuring the availability of funds for the payee.

Certified Checks

Checks guaranteed by a bank, indicating that the signer had enough funds in their account to cover the amount at the time of certification.