Question

Olivia recently left her job at a large corporation because she saw little chance for advancement. Although she is still searching for a new position, she believes the economy is healthy and she hears that several firms are hiring people with her qualifications. Which of the following statements about Olivia's current situation is most accurate?Olivia is an example of frictional unemployment.

Answer 1

Answer:

Olivia is an example of frictional unemployment.

Explanation:

Frictional unemployment is the result of employment transitions within an economy. It is the unemployment that occurs from the inevitable time delays in finding new employment in a free market.

Answer 2

Answer:

OLIVIA IS AN EXAMPLE OF FRICTIONAL UNEMPLOYMENT.

Explanation:

Frictional unemployment is a type of unemployment that arises when workers are searching for new jobs or are transitioning from one job to another.

Frictional unemployment can also be termed as natural or voluntary employment, because it is the workers who quit their jobs in search of better pursuits and not the employers.

In Olivia's case, she left her job at a large corporation because she saw little chance for advancement. This means that she left her job voluntarily in search of better pursuits. Therefore, OLIVIA IS AN EXAMPLE OF FRICTIONAL UNEMPLOYMENT.