Frictional unemployment occurs when job openings
A) exist and people are willing to take them, but the applicants do not have the necessary skill set.
B) exist, and people are willing to take them, but it takes some time to bring the two together.
C) exist, but people are not willing to take them, so it makes no sense to bring the two together.
D) do not exist, although people are willing to work, so it makes no sense to try to bring the two together.

Question

Quizplus · Accepted Answer

Frictional unemployment refers to the temporary unemployment of people who are in between jobs, searching for better opportunities or starting their own businesses. In this scenario, job openings exist, but it takes time for the job seekers and employers to find each other due to factors such as geographic distance, lack of information, or search costs. Therefore, choice B is the correct answer.

Frictional Unemployment Occurs When Job Openings