Hello, I need assistance with this problem:
Frictional unemployment depends on
a. the education level of the female population
b. the years or work experience of the population
c. the age distribution of the population
d. the ethnicity of the male population
Solution-
Frictional unemployment depends on the years or work experience of the population.
The correct option is B. the years or work experience of the population.
Reason-
Frictional unemployment depends on the duration and the imperfection of the matching process between vacancies and workers searching for a better job. Such a mismatch can be related to many factors. Among others, it can depend on personal skills, remuneration, work-time, and location. The rate of frictional unemployment depends on the frequency and the period of time spent by workers in switching from one job to another.
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