Author Question: A recent economics graduate is looking for a position as an industrial economist. During the period ... (Read 83 times)

s.tung · **on:** Jun 30, 2018

A recent economics graduate is looking for a position as an industrial economist. During the period this individual starts looking for a job and ultimately finds one, he may be classified as:
a. seasonally unemployed.
b. frictionally unemployed.
c. cyclically unemployed.
d. structurally unemployed.
e. occasionally unemployed.

Question 2

Scarcity forces us to choose, and choices are costly because we must give up other opportunities that we value.
a. True
b. False
Indicate whether the statement is true or false