International & Economic Relations Unit Test

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Question
Which of the following might lead to frictional unemployment? (1 point)
Responses

opportunities for higher wage jobs in a new industry
opportunities for higher wage jobs in a new industry

growth in demand for consumer goods of all kinds
growth in demand for consumer goods of all kinds

seasonal fluctuation in demand for a product
seasonal fluctuation in demand for a product

a large segment of the population reaching retirement age

1 answer

Frictional unemployment occurs when individuals are temporarily unemployed while transitioning from one job to another or entering the workforce for the first time. It typically arises from a mismatch between job seekers and available jobs.

The option that best fits the concept of frictional unemployment is:

opportunities for higher wage jobs in a new industry.

This situation suggests that workers may leave their current jobs to find higher-paying positions in a different field, leading to temporary unemployment as they search for new opportunities.

The other options either do not directly relate to the concept of frictional unemployment or relate to other forms of unemployment (such as cyclical or seasonal).