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Author Question: Can frictional unemployment ever be totally eliminated? Explain your answer. What will be an ... (Read 41 times)

Tazate

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on: Jun 29, 2018
Can frictional unemployment ever be totally eliminated? Explain your answer.
 
  What will be an ideal response?

Question 2

At the quantity of 200 bushels of apples, the marginal social benefit of a bushel of apples is 100 and the marginal social cost is 50. To produce the efficient quantity of apples
 
  A) more apples should be produced.
  B) fewer apples should be produced.
  C) there should be no change in the amount of apples produced.
  D) More information on the willingness of consumers to purchase apples is needed to determine the efficient level of apples.


ergserg

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Frictional unemployment arises from normal labor market turnover. Because this type of unemployment is associated with normal changes, it is impossible to be eliminated. Indeed, some frictional unemployment is purely voluntary, with these unemployed workers choosing to become unemployed because they expect to find a job that is more satisfying.

Answer to Question 2

A


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