Which of the following people is the best example of a frictionally unemployed individual?

A. Nicholas, who lost his job as a real estate salesperson when the housing market weakened during a recession.
B. Aaron, who quit his job at a local restaurant and is no longer looking for work since he wants to retire.
C. Charlie, who lost his job at a local factory because of a decrease in exports and can't find a job that matches his skills.
D. Samantha, who quit her job to find work closer to home and reduce her commute.

Question

16-06-2024
Social Studies

Answered

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Which of the following people is the best example of a frictionally unemployed individual?

A. Nicholas, who lost his job as a real estate salesperson when the housing market weakened during a recession.
B. Aaron, who quit his job at a local restaurant and is no longer looking for work since he wants to retire.
C. Charlie, who lost his job at a local factory because of a decrease in exports and can't find a job that matches his skills.
D. Samantha, who quit her job to find work closer to home and reduce her commute.

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-16T22:12:51-04:00

Final answer:

Frictional unemployment is temporary joblessness during job transitions. Nicholas is an example, while Aaron quitting to retire isn't frictional unemployment.

Explanation:

Frictional unemployment refers to the temporary unemployment that occurs as individuals search for a new job that better suits their skills or preferences. It is a natural part of a dynamic labor market where people transition between jobs.

Nicholas who lost his job as a real estate salesperson due to a weak housing market during a recession is a prime example of frictional unemployment as he seeks a new job in his field.
In contrast, Aaron who quit his job to retire and is not actively seeking work does not fall under frictional unemployment, as he is voluntarily out of the labor force.

Learn more about Frictional unemployment here:

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Sagot :

Final answer:

Explanation:

Learn more about Frictional unemployment here:

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