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Q: .......... is the unemployment which exists in any economy due to people being in the process of moving from one job to another.
  • A. Seasonal Unemployment
  • B. Cyclical Unemployment
  • C. Frictional Unemployment
  • D. Structural Unemployment
Correct Answer: Option C - Frictional Unemployment is the unemployment in which people being in the process of moving from one job to another. It is also called search unemployment and can be voluntary. Other types of unemployment are– Disguised Unemployment - Where more people are employed than actually needed. Seasonal Unemployment - It occurs during certain seasons of the year. Cyclical Unemployment - It is a result of business cycle, it arises during recessions and declines with economic growth. Technological Unemployment - It is a loss of job due to changes in technology.
C. Frictional Unemployment is the unemployment in which people being in the process of moving from one job to another. It is also called search unemployment and can be voluntary. Other types of unemployment are– Disguised Unemployment - Where more people are employed than actually needed. Seasonal Unemployment - It occurs during certain seasons of the year. Cyclical Unemployment - It is a result of business cycle, it arises during recessions and declines with economic growth. Technological Unemployment - It is a loss of job due to changes in technology.

Explanations:

Frictional Unemployment is the unemployment in which people being in the process of moving from one job to another. It is also called search unemployment and can be voluntary. Other types of unemployment are– Disguised Unemployment - Where more people are employed than actually needed. Seasonal Unemployment - It occurs during certain seasons of the year. Cyclical Unemployment - It is a result of business cycle, it arises during recessions and declines with economic growth. Technological Unemployment - It is a loss of job due to changes in technology.