Which of the following is the best example of frictional unemployment?
A) John,a coal miner,was laid off because of a lack of demand for workers in his industry.He is looking into new opportunities in computer programming,but they require him to gain some new skills.
B) Heather recently graduated with her doctorate in economics.She is searching for a job that matches her skills.
C) Peter,a highly skilled construction worker,lost his job when the recession began.He is looking for work,but demand in the construction industry is still low.
D) Allison,a recent high school graduate with high aspirations,is seeking a job as the CEO of a Fortune 500 company.
Correct Answer:
Verified
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Q20: What is the term for workers who
Q22: During a typical nonrecession year,the duration for
Q23: When not in a recession,the largest fraction
Q24: The causes of frictional unemployment include:
A) the
Q25: Creative destruction occurs at the level of
Q26: Frictional unemployment is caused by:
A) creative destruction.
B)
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