All of the Following Are Reasons for Frictional Unemployment Except

question 92

Multiple Choice

All of the following are reasons for frictional unemployment except:

• A) workers have different preferences and abilities.
• B) unemployed workers accept the first job offer that they receive.
• C) the flow of information is imperfect.
• D) geographic mobility takes time.

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Definitions:

Good X

A term typically used in economics to denote a specific commodity or product in theoretical models and discussions.

Budget Constraint

A concept in economics that represents all the combinations of goods and services a consumer can afford given their income and the prices of goods and services.

Horizontal Axis

In a graph or chart, the x-axis that runs from left to right, commonly used to represent the independent variable.

Vertical Axis

A line or reference point on a graph or chart that typically represents the dependent variable or outcome in an analysis.