Frictional unemployment is inevitable because A. different sectors do not shift. B. the economy needs to be lubricated. C. workers never quit their jobs to change careers D. the demand for different goods alway
there tends to be frictional unemployment. This is because, in a strong economy, individuals can confidently leave their current job to find a position that better suits them. Though there will be a period in which the person in question is not employed, there ...
this inevitable time delay causes the frictional unemployment. It is very much prevalent in the economy as people transit from one job to another in search of a better opportunity. And, also, students seek jobs after they complete their studies. ...
To measure unemployment, the unemployment rate is used as a measure which is the ratio of individuals who are unemployed divided by the total number of individuals in the labor force multiplied by 100.Answer and Explanation: The statement given is true ...
a. True b. False Unemployment: An individual is termed unemployed only when they actively seek opportunities within a specified time. People who are employed and are not looking for employment opportunities for various reasons are not counted in the labor market. ...
The distinguishing feature of structural unemployment is that the unemployed workers lack skills required by the expanding industries. Structural unemployment also occurs because of the mismatch between the location of job-vacancies of the expanding industries and the present location of the unemployed work...