Frictional Unemployment Occurs When Job Openings

question 99

Multiple Choice

Frictional unemployment occurs when job openings:

• A) exist and people are willing to take them, but the applicants do not have the necessary skill set.
• B) do not exist, although people are willing to work, so it makes no sense to try to bring the two together.
• C) exist, but people are not willing to take them, so it makes no sense to bring the two together.
• D) exist, and people are willing to take them, but it takes some time to bring the two together.

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Definitions:

Partnership

Two or more individuals engaging in a legal business structure, where management roles and profits are shared.

Dissolution

The closing down or ending of an entity or agreement, such as the dissolution of a company or marriage.

Partnership

A business structure where two or more individuals manage and operate a business in accordance with terms set out in a partnership agreement.

Dissociate

To formally end association or involvement with a business entity or partnership.