Ask Question
BusinessBusiness
Today, 15:16

Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska. That year, Professor Simpson would be officially counted as: A. structurally unemployed. B. frictionally unemployed. C. not in the labor force. D. employed

+4
Answers (1)
  1. Today, 15:42
    0
    D. employed

    Explanation:

    a. Structural unemployment is a type of unemployment which results from skill expectation gap, where the unemployed do not possess the skill required for a particular job. This does not apply to Dr. Homer Simpson

    b. Frictional unemployment is the unemployment that results from the time a job seeker leaves one job and the time he gets another one. This does not apply to Dr. Homer Simpson

    Dr. Homer Simpson is in labor force as he is presently running a commercial fishing boat in Alaska to earn extra income.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska. That year, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
James is the sole proprietor of a ship building organization. as he reaches the end of his days and considers his sizable legacy, his mind touches upon things that he wishes to pass on to his children after his death.
Answers (1)
When communicating during a job interview, an advantage is that you can
Answers (1)
Wallace and Simpson formed a partnership with Wallace contributing $92,000 and Simpson contributing $72,000. Their partnership agreement calls for the income (loss) division to be based on the ratio of capital investments.
Answers (1)
Does germany have a for-profit healthcare
Answers (1)
Equipment was purchased for $68,000 on January 1, 2013. Freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation and installing the equipment.
Answers (1)
New Questions in Business
An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43. The shares pay a dividend of $3 per share during the six months. What is the investor's profit or loss? a.
Answers (1)
Which term refers to the beginning of the constitution?
Answers (1)
The risks of a focus strategy include: a. decisions by focused competitors to use their resources to serve a wider range of customers' needs. b.
Answers (1)
Floyd Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4 percent per year. The expected return on the market is 13 percent, and Treasury bills are yielding 4.5 percent.
Answers (1)
Martin is offered an investment where for $ 6 comma 000 today, he will receive $ 6 comma 420 in one year. He decides to borrow $ 6 comma 000 from the bank to make this investment.
Answers (2)
Home » Business » Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska. That year, Professor Simpson would be officially counted as: A. structurally unemployed. B. frictionally unemployed. C.
Sign Up Forgot Password?