EC201 chapter_7_Quiz Full


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Unformatted text preview: ) unemployment when people become discouraged about their chances of finding a job so they stop looking for that results work. Answer: A Diff: 2 Topic: Unemployment Skill: Definition 51) An auto Ohio who loses her job because the company relocated the plant to another country represents an worker in example of A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) natural unemployment. Answer: B Diff: 2 Topic: Unemployment Skill: Conceptual AACSB: Reflective Thinking 52) A textile firm closes a plant in Massachusetts and transfers production to a plant in South Carolina, where the firm can take advantage of cheaper labor. The plant supervisor at the Massachusetts plant is given the opportunity to move to South Carolina to become the plant supervisor at that plant. He turns down this opportunity because of family obligations. While he is searching for a new job he would be classified as A) structurally unemployed. B) cyclically unemployed. C) frictionally unemployed. D) not i...
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This note was uploaded on 11/13/2013 for the course BUSINESS EC201-03 taught by Professor Auguste during the Fall '13 term at Monroe.

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