Asked by Avelina Milam on May 12, 2024
Verified
Statement I: The term-discouraged workers refer to people without jobs who have given up looking for work.
Statement II: A person who voluntarily quits work and begins looking for another job is classified as frictionally unemployed.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Discouraged Workers
Individuals who are not actively seeking employment because they believe no jobs are available for them.
Frictionally Unemployed
Individuals who are temporarily out of work while moving between jobs or looking for their first jobs.
Voluntarily Quits
The act of an employee choosing to leave their job out of their own will, often for reasons such as a better opportunity, personal reasons, or dissatisfaction with the current job.
- Master the concepts of different unemployment varieties and the mechanisms of their measurement.
- Grasp the concept of discouraged workers and their effect on unemployment statistics.
Verified Answer
RD
ramesh dugarMay 13, 2024
Final Answer :
C
Explanation :
Both statements are accurate. Discouraged workers are indeed individuals who have stopped looking for employment due to repeated failures, and frictional unemployment refers to people temporarily unemployed while transitioning between jobs.
Learning Objectives
- Master the concepts of different unemployment varieties and the mechanisms of their measurement.
- Grasp the concept of discouraged workers and their effect on unemployment statistics.