Which of the following is an example of fìctional unemployment:
A. Ryan has graduated from college recently and is now looking for a job.
B. Dan has been laid off because his firm is facing hard economic conditions.
C. Bob, a sugar harvester at Ramu Sugar is laid off because harvesting period is over.
D. Erica is well and able but not willing to work.
3 answers
D. Erica is well and able but not willing to work.
Are you sure? Define frictional unemployment?
Frictional unemployment refers to the temporary unemployment of individuals who are in between jobs or who are in the process of transitioning from one job to another. It is typically seen as a natural part of a healthy economy as individuals take time to search for jobs that match their skills and preferences.
Based on this definition, the correct example of frictional unemployment would be:
A. Ryan has graduated from college recently and is now looking for a job.
This is because Ryan is currently unemployed while he searches for a job that matches his qualifications and career goals.
Based on this definition, the correct example of frictional unemployment would be:
A. Ryan has graduated from college recently and is now looking for a job.
This is because Ryan is currently unemployed while he searches for a job that matches his qualifications and career goals.