If a person loses her job because her abilities and skills are a poor match with current requirements of employers, this person is considered

A. frictionally unemployed.
B. seasonally unemployed.
C. a discouraged worker.
D. structurally unemployed.


Answer: D

Economics

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Duties imposed by the U.S. government on imported Chinese frozen and canned shrimp are an example of:

A. voluntary restrictions. B. tariffs. C. quotas. D. regulatory trade restrictions.

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The function of money that provides for a commonly recognized measure of value for the price system is a(n)

A. medium of exchange. B. unit of accounting. C. store of value. D. standard of deferred payment.

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Which institution is least likely to default on a bond?

A. Local government. B. Small corporation. C. U.S. federal government. D. Large corporation.

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