Question

Why is frictional unemployment of relatively little concern to economists or government officials?

A) it happens so rarely

B) it occurs only in rural areas

C) it is usually a temporary situation

D) it is something only teenagers experience

Answer 1

C) it is usually a temporary situation

Step-by-step explanation:

Examples of frictional unemployment include:

1. Quitting: this is a voluntary form of frictional unemployment.

2. Termination: an involuntary form of frictional unemployment.

3. Seasonal employment: this occur when one becomes unemployed because the work is done for the season.

4. Term employment: a job ends that was only temporary in the first place.