Identify which unemployment condition (seasonal, structural, cyclical, frictional) best describes the situation of each of the following individuals. a) a wristwatch repairman that was laid off as most people use their cell phone to check the time and few people are buying watches worthwhile repairing. _________________ unemployment b) a digital artist who lost her job with an advertising company during a recession in the economy. ________________ unemployment c) a marketing manager who quit her job to look for another similar marketing job which provides a higher salary and more benefits. ___________________ unemployment
Identify which unemployment condition (seasonal, structural, cyclical, frictional) best describes the situation of each of the following individuals. a) a wristwatch repairman that was laid off as most people use their cell phone to check the time and few people are buying watches worthwhile repairing. _________________ unemployment b) a digital artist who lost her job with an advertising company during a recession in the economy. ________________ unemployment c) a marketing manager who quit her job to look for another similar marketing job which provides a higher salary and more benefits. ___________________ unemployment
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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7) Identify which
a) a wristwatch repairman that was laid off as most people use their cell phone to check the time and few people are buying watches worthwhile repairing. _________________ unemployment
b) a digital artist who lost her job with an advertising company during a recession in the economy. ________________ unemployment
c) a marketing manager who quit her job to look for another similar marketing job which provides a higher salary and more benefits. ___________________ unemployment
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