Answered: This type of unemployment is due to…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 14SQ

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Question

This type of unemployment is due to workers finding jobs in specific time of the year only and then they become unemployed again. *

1 point

Structural unemployment

Frictional unemployment

Seasonal unemployment

Cyclical unemployment

Expert Solution

Step 1

Unemployment means the state of the economy in which people who are fit and willing to work cannot find a suitable job.

Unemployment = Population/work force - Employed people

Step 2

Option (3) is the correct answer.

Seasonal unemployment - Type of unemployment is due to workers finding jobs in specific time of the year only and then they become unemployed again.

As we all know some occupation are seasonal, demand for labor fluctuates with the seasons of the year.

Structural unemployment is caused by the mismatch of vacancies and skill of unemployed people.

Frictional unemployment exists when men are out of labor, temporarily as a result of lack in perfect mobility on the part of the manual laborer.

Cyclical unemployment is the result of business cycle and economic fluctuations.

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