Question

Althea, a brilliant new ph.d. in economics, has turned down many job offers because she hopes eventually to teach at one of the top 10 universities in her field. the type of unemployment she is experiencing is

Answer 1

Althea is experiencing frictional unemployment, a common and expected form of unemployment that occurs when individuals are in between jobs and seeking positions that are well-suited to their qualifications and career goals.

Step-by-step explanation:

Althea is experiencing a type of unemployment known as frictional unemployment. This occurs when individuals take time to find a job that is a better fit for their skills and desires, as opposed to accepting the first offer that comes along. In Althea's case, she is specifically seeking opportunities at top universities, demonstrating a selective job search process. Frictional unemployment is typical for recent graduates or professionals looking for jobs that match their qualifications more closely. Although it may lead to periods without work, it's a normal part of the job-search process and reflects the time needed to ensure the best alignment between the employer's needs and the individual's qualifications and career goals.

Answer 2

The type of unemployment that Althea is experiencing is called the frictional unemployment. Usually this occurs if there is a mismatch between the employer and the worker. In relation to Althea’s situation, there is “mismatch” because she prefers to teach at one of the top 10 universities in her field despite receiving many job offers. In simpler terms, Althea is looking for a better opportunity on the top 10 universities.