Which of the Following Is the Best Example of Frictional

question 65

Multiple Choice

Which of the following is the best example of frictional unemployment?

• A)A worker is laid off because his firm has to reduce production due to reduced demand.
• B)A worker quits her current job to search for a better one.
• C)An ironworker cannot find a job in Ottawa because all job vacancies are in Alberta.
• D)Bank tellers are unable to find jobs due to technological advances in the banking system.
• E)Inflationary pressures have led to higher wages for all jobs.

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Definitions:

Normal Distribution

An equal-probability distribution around the mean, which shows that instances near the mean happen more frequently than instances far from the mean.

Normal Probability Distribution

A bell-shaped distribution that is symmetric about the mean, showing how random variables are distributed.

Continuous Probability Distribution

A probability distribution that assigns probabilities to a continuum of possible outcomes, often described by a probability density function.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values; an indicator of data spread or how spread out the data are.