Examlex
Which of the following is correct?
Job Search
The act of looking for employment, due to unemployment, discontent with a current position, or a desire for a better position.
Economic Efficiency
A situation where resources are utilized in the most effective way possible to meet the needs and wants of individuals and society.
Type of Unemployment
Categorizes joblessness based on reasons such as cyclical (due to economic downturns), frictional (short-term transitions), and structural (mismatch of skills).
Frictional Unemployment
Short-term unemployment that arises from the process of matching workers with job vacancies, reflecting job transitions and workers entering the labor force.
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