Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![**Unemployment Quiz**
If Samantha quits her job voluntarily and actively searches for other work, then she is considered __________.
- [ ] structurally unemployed.
- [ ] not to be unemployed.
- [ ] cyclically unemployed.
- [ ] frictionally unemployed.
**Explanation of Terms:**
1. **Structurally Unemployed**: This type of unemployment occurs when there is a fundamental change in the economy that results in a mismatch between the skills that workers in the economy can offer and the skills demanded by employers. It can be due to technological changes, changes in consumer preferences, or other long-term shifts in the economy.
2. **Not to be Unemployed**: This option likely refers to someone who is not actively searching for work or is not available for work. In such cases, they may not be classified as unemployed according to certain labor force definitions.
3. **Cyclically Unemployed**: Cyclical unemployment is related to the natural fluctuations of the economy. It occurs during periods of economic downturn or recession, when there is reduced demand for goods and services, leading to a need for fewer workers.
4. **Frictionally Unemployed**: Frictional unemployment occurs when individuals voluntarily leave their jobs or are in between jobs, and it usually reflects the time taken to search for new employment. This is often short-term and is considered a normal part of a healthy economy.
**Answer Explanation:**
If Samantha quits her job voluntarily and is actively searching for other work, she is considered frictionally unemployed. Frictional unemployment is a type of unemployment that occurs when workers voluntarily leave their jobs to find better ones or are transitioning between jobs.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6ea49f2-aec0-47e4-ae21-0e0a47907cd1%2F9c61889b-4498-46a6-bba4-ed82df2b8470%2Fc7q0tcc_processed.png&w=3840&q=75)
Transcribed Image Text:**Unemployment Quiz**
If Samantha quits her job voluntarily and actively searches for other work, then she is considered __________.
- [ ] structurally unemployed.
- [ ] not to be unemployed.
- [ ] cyclically unemployed.
- [ ] frictionally unemployed.
**Explanation of Terms:**
1. **Structurally Unemployed**: This type of unemployment occurs when there is a fundamental change in the economy that results in a mismatch between the skills that workers in the economy can offer and the skills demanded by employers. It can be due to technological changes, changes in consumer preferences, or other long-term shifts in the economy.
2. **Not to be Unemployed**: This option likely refers to someone who is not actively searching for work or is not available for work. In such cases, they may not be classified as unemployed according to certain labor force definitions.
3. **Cyclically Unemployed**: Cyclical unemployment is related to the natural fluctuations of the economy. It occurs during periods of economic downturn or recession, when there is reduced demand for goods and services, leading to a need for fewer workers.
4. **Frictionally Unemployed**: Frictional unemployment occurs when individuals voluntarily leave their jobs or are in between jobs, and it usually reflects the time taken to search for new employment. This is often short-term and is considered a normal part of a healthy economy.
**Answer Explanation:**
If Samantha quits her job voluntarily and is actively searching for other work, she is considered frictionally unemployed. Frictional unemployment is a type of unemployment that occurs when workers voluntarily leave their jobs to find better ones or are transitioning between jobs.
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