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Author Question: A forestry worker who is out of work because of the temporarily low demand for wood products ... (Read 213 times)

xroflmao

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on: Jun 30, 2018
A forestry worker who is out of work because of the temporarily low demand for wood products associated with a recession is defined as:
 a. frictionally unemployed.
  b. underemployed.
 c. cyclically unemployed.
 d. structurally unemployed.

Question 2

Why is the demand for foreign currencies known as a derived demand?


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Koolkid240

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

The demand for foreign currencies is known as a derived demand, because the demand for a foreign currency derives directly from the demand for foreign goods and services or for foreign investment.


xroflmao

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

samiel-sayed

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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