The Best Example of a Frictionally Unemployed Worker Is One

question 118

Multiple Choice

The best example of a frictionally unemployed worker is one who

• A)reduces productivity by causing frictions in a business
• B)is laid off during a recessionary period in the economy
• C)is in the process of voluntarily switching jobs
• D)is discouraged and not actively seeking work
• E)cannot find a job that matches with his skills

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Definitions:

Decision Making

The cognitive process of choosing a course of action from among multiple alternatives.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often utilized when facing complex problems or incomplete information.

Reasoning

The mental activity of transforming information to reach conclusions.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.