Structural Unemployment Is

question 133

Multiple Choice

Structural unemployment is:

• A) a mismatch between the skills workers can offer and the skills that are in demand.
• B) unemployment caused by workers who are changing their location, job, or career.
• C) the effect of wages remaining persistently above the market-clearing level.
• D) when workers voluntarily quit their jobs.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset over its life up to a single point in time.

Liability Account

An accounting record that captures the company's obligations to pay debts to others, usually categorized as current or long-term.

Net Income

The total earnings of a company after deducting all expenses, taxes, and losses, indicating the company's profitability.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, including revenues, expenses, and net income or loss.