Author Question: When an individual is frictionally unemployed, the unemployment arises from A) a short-term ... (Read 63 times)

lunatika · **on:** Jun 29, 2018

When an individual is frictionally unemployed, the unemployment arises from

A) a short-term elimination of jobs because of a slowdown in business activity.
B) imperfect labor market information which requires individuals to search for appropriate employment.
C) the permanent elimination of jobs because of a change in the structure of the economy.
D) a reduction in the overall demand for labor's skills.

Question 2

According to the above table, if the fourth and fifth largest firms in the industry merge, the four-firm concentration ratio in the industry will be

A) 82.5 percent.
B) 35.8 percent.
C) 69.0 percent.
D) 84.1 percent.