Frictional Unemployment Is Inevitable Because

question 47

Multiple Choice

Frictional unemployment is inevitable because:

• A) different sectors do not shift.
• B) the economy needs to be lubricated.
• C) workers never quit their jobs to change careers.
• D) the demand for different goods always fluctuates.

---

Definitions:

Penetration Pricing

Penetration pricing is a marketing strategy used to attract customers to a new product or service by offering a lower price initially.

Penetration Pricing

A pricing strategy where a product is priced lower than the competition to attract customers and gain market share quickly.

Mass Market

Refers to the large, undifferentiated market of consumers with a wide range of product needs and preferences, often targeted by companies with products of broad appeal.

Penetration Pricing

A pricing strategy where a product is introduced to the market at a low price to attract customers and gain market share quickly.