Classical Unemployment Can Be Caused by Which of the Following

question 43

Multiple Choice

Classical unemployment can be caused by which of the following?

• A) Minimum wage laws
• B) Bargaining by unions
• C) Efficiency wages
• D) All these create classical unemployment.

Distinguish between short-run and long-run periods in the context of production and costs.

Understand the impact of worker specialization on production levels and costs.

Comprehend how the adjustment of production scales affects long-run average cost.

Identify the implications of cost changes on production levels and firm’s efficiency.

---

Definitions:

Stressful Home Lives

Situations in which individuals experience continual stress and conflict within their domestic environments.

Battered Wives

Women who experience physical, emotional, or sexual abuse from their partners or spouses.

Family Violence

Acts of violence or abuse among members of a family or household, including physical, emotional, and sexual abuse.

Violence and Love

A complex interaction where violent behavior and feelings of love coexist within relationships, leading to conflicted and abusive dynamics.