Asked by Lizbeth Longoria on Jun 08, 2024
Verified
A worker who has quit one job and is taking two weeks off before reporting to a new job is an example of
A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) disguised unemployment.
Frictional Unemployment
Unemployment that occurs when people are between jobs or are entering the labor market for the first time.
- Distinguish among cyclical, frictional, and structural forms of unemployment.
Verified Answer
NP
Nisha PatelJun 09, 2024
Final Answer :
A
Explanation :
This situation is an example of frictional unemployment, which occurs when workers are in between jobs, voluntarily leaving one job to find another one. The worker is temporarily unemployed, but not due to any structural or cyclical factors. Disguised unemployment refers to a situation where workers are employed but their productivity is very low or insignificant.
Learning Objectives
- Distinguish among cyclical, frictional, and structural forms of unemployment.
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