Which of the following explains why frictional unemployment exists in an economy?
A) It arises because job search is completely a supply side phenomenon in the labor market, and firms make no attempts to advertise for the vacancies they have.
B) It arises because most of the workers shirk at work.
C) It arises because it takes time for an unemployed worker to find a firm with a well-matched job vacancy.
D) It arises because unemployment benefits encourage workers not to look for jobs.
C
Economics
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According to the text, when management selects a price or quantity, it also selects the other. Explain why this is true.
What will be an ideal response?
Economics
The latest increases in U.S. productivity growth can be attributed to
A. computerization B. our savings rate C. our quality of labor D. our educational system
Economics