- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 11. Understanding Business Cycles
- Subject 6. Unemployment
CFA Practice Question
A worker who rejects a position while looking for one with better pay or benefits is considered to be ______.
A. underemployed
B. discouraged
C. voluntarily unemployed
Explanation: Most frictional unemployment (unemployment when one is between jobs) is considered voluntary because one is looking for work rather than taking any job one finds.
User Contributed Comments 2
| User | Comment |
|---|---|
| crlocke90 | if you say worker then you are implying the individual is currently employed therefore shouldn't it be underemployed |
| myron | @crlocke90: you can assume so. If you say you are an engineer it does not mean you are employed or not. It's your profession, not your employment status. |