A Middleman Refers to

question 293

Multiple Choice

A middleman refers to

• A)a person or firm whose sole responsibility is bringing a buyer to the last link in the distribution chain.
• B)a person or firm whose sole responsibility is to find distributors for a manufacturer's products.
• C)any intermediary between a manufacturer and end-user markets.
• D)a person or firm that takes possession of a product and in some way alters it before passing it on to ultimate consumers.
• E)an intermediary who sells to ultimate consumers.

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Definitions:

Unemployed Workers

Individuals of working age who are without work, available to work, and actively seeking employment.

Employed Workers

Individuals in the workforce who have secured employment and are currently working.

Unemployment Rate

The unemployment rate measures the percentage of the labor force that is jobless and actively seeking employment.

Cyclical Unemployment

A form of unemployment that occurs when there is not enough aggregate demand in the economy to provide jobs for everyone who wants to work.