16. Frictional unemployment is defined as:

A. Unemployment that occurs when people take time to find a job.
B. Unemployment resulting from industrial reorganization.
C. Unemployment caused by a mismatch between skills and job requirements.
D. Unemployment due to seasonal variations in demand.

Question

25-07-2024
Business

Answered

16. Frictional unemployment is defined as:

A. Unemployment that occurs when people take time to find a job.
B. Unemployment resulting from industrial reorganization.
C. Unemployment caused by a mismatch between skills and job requirements.
D. Unemployment due to seasonal variations in demand.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-25T15:06:36-04:00

Final answer:

Frictional unemployment is the period between jobs when job-seekers are transitioning between positions due to mismatches between their skills and available job openings.

Explanation:

Frictional unemployment is the time period between jobs when a worker is searching for or transitioning from one job to another. It occurs due to mismatches between job-seekers and job openings, influenced by various factors like skills, payment, and location.

Learn more about Frictional unemployment here:

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16. Frictional unemployment is defined as:A. Unemployment that occurs when people take time to find a job.B. Unemployment resulting from industrial reorganization.C. Unemployment caused by a mismatch between skills and job requirements.D. Unemployment due to seasonal variations in demand.

Answer :

Final answer:

Explanation:

Learn more about Frictional unemployment here:

Other Questions

16. Frictional unemployment is defined as:

A. Unemployment that occurs when people take time to find a job.
B. Unemployment resulting from industrial reorganization.
C. Unemployment caused by a mismatch between skills and job requirements.
D. Unemployment due to seasonal variations in demand.