Question

1. Frictional unemployment occurs when: a. workers do not have the skills demanded in labor markets....

1. Frictional unemployment occurs when:

a. workers do not have the skills demanded in labor markets.

b. there is inadequate demand for labor.

c. workers leave one job to search for another.

d. the number of unemployed workers exceeds the number of job vacancies.

2. Which of the following best describes an individual that is structurally unemployed?

a. A new college graduate who is currently without a job but who has had several interviews that promise to result in job offers

b. A skilled engineer who is unable to find an engineering position due to a downturn in the overall economy

c. A former production line worker who has been unable to find a job in manufacturing after he/she was replaced by a robot

d. An agricultural worker who does not have work in the winter months  

3. An autoworker that has been laid off because the demand for autos has declined due to an economic downturn is considered to be:

a. seasonally unemployed.

b. structurally unemployed.

c. frictionally unemployed.

d. cyclically unemployed.  

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Homework Answers

Answer #1

Solution-

1. Frictional unemployment occurs when: workers leave one job to search for another.

The correct option is C. workers leave one job to search for another.

2. Which of the following best describes an individual that is structurally unemployed?

The correct option is C. A former production line worker who has been unable to find a job in manufacturing after he/she was replaced by a robot.

3. An autoworker that has been laid off because the demand for autos has declined due to an economic downturn is considered to be: Cyclically unemployed.

The correct option is D. cyclically unemployed.

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