Frictional unemployment is: Group of answer choices 1. unemployment that is due to the friction of competing ideological systems. 2. unemployment caused by lack of training and education. 3. unemployment that is due to normal turnover in the labor market. 4. unemployment caused by automation in the workplace.

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Business

Maggie Walter

29 August, 23:22

Frictional unemployment is: Group of answer choices 1. unemployment that is due to the friction of competing ideological systems. 2. unemployment caused by lack of training and education. 3. unemployment that is due to normal turnover in the labor market. 4. unemployment caused by automation in the workplace.

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Answers (1)

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Wolfgang · Answer 1

Option (3) is correct.

Explanation:

Frictional unemployment refers to a situation of unemployment in which a person is looking for a job pr searching a job that is related to the educational qualification. The time taken by the people to find the suitable job is also known as the searching unemployment. In this type of unemployment, a person is looking for a job or in a process of changing a job but won't be able to find the perfect match yet.