Question

In: Economics

classify each worker 1. Angelina Jolie just finished her last movie and is looking for her...

classify each worker

1. Angelina Jolie just finished her last movie and is looking for her next film to star in.

a. seasonal b. frictional c. not in labor force d. structural e. cyclical

2. Tom was laid off from his home construction job because of the recession.

a. cyclical b. structural c. seasonal d. frictional e. not in labor force

3. Jennifer just graduated from college and is searching for her first job.

a. not in labor force b. seasonal c. frictional d. cyclical e. structural

4. Abdul quit his oil exploration job with a U.S. company in Saudi Arabia and is searching for work in California.

a. structural b. cyclical c. not in labor force d. seasonal e. frictional

Thanks.

Solutions

Expert Solution

1.frictional unemployment

2. Cyclical unemployment

3. Frictional unemployment

4. Frictional unemployment

Explanation

Frictional unemployment (also search unemployment) occurs when workers lose their current job and are in the process of finding another one.

Seasonal unemployment exists because certain industries only produce or distribute their products at certain times of the year. Industries where seasonal unemployment is common include farming, tourism, and construction. Example during christmas, demand for cards and trees are higher compared to other months.

Cyclical unemployment is a type of unemployment which is related to the cyclical trends in the industry or the business cycle ( boom, recession, depression, recovery)

Structural unemployment is caused by a mismatch of skills between the unemployed and available jobs.

People who are neither working nor looking for work are counted as not in labour force.

Any doubts do comment. And please give a thumbs up ?. Thank you.

Rahul Sunny answered 1 year ago
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