Business
15.03.2021 09:22
225
260
4
Solved by an expert

Bob is looking for work afterschool, but everywhere he fills out an application,

Bob is looking for work afterschool, but everywhere he fills out an application, the managers say they always have alot more application than open positions. Tom has a law degree. Several firms have made him an offer, but he thinks he might be able to find andirm where his talents could be put to better use?
1. Bob is structurally unemployed, and Tom is frictionally unemployed
2. Bob and Tom are both frictionally unemployed
3. Bob and Tom are both structurally unemployed
Show Answers
asims13
asims13
4,7(36 marks)

Option A; BOB IS STRUCTURALLY UNEMPLOYED, AND TOM IS FRICTIONALLY UNEMPLOYED.

Explanation:

Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers.

Frictional unemployment is a form of unemployment where workers are jobless and looking for job in a healthy economy. It is sometimes called search unemployment and can be based on the circumstances of the individual.

Bob is unemployed but not voluntary but due to more application than open positions everywhere he fills out an application. While Tom, even though, several firms have made him an offer is jobless because he wants a firm where he can put his talents to better use.

Therefore, BOB IS STRUCTURALLY UNEMPLOYED, AND TOM IS FRICTIONALLY UNEMPLOYED.

sushiboy668
sushiboy668
4,6(68 marks)

if you like romantic After and After We Collided 50 first dates Shrek 1 2 and 3  Maleficent 1 and 2 The war with grandpa Over the moon   Over the moon Once Upon A time in Hollywood  Hamilton and Sonic Hope this helps have a great night

Explanation:

Popular Questions about the subject: Business

When group investors become aware of overseas investment opportunities...
Business
30.06.2021 06:08

New questions by subject

What contributed to the decline of the Yuan dynasty?...
History
16.03.2022 19:23
Nsity VVS 1 12.5 points Calculate the density of sulfuric acid from...
Chemistry
18.09.2020 04:50
Carbohydrates have no affect on your brain. True False I think its...
Physics
07.11.2021 05:13
The intersection of two lines is a (3 Points) A.Plane B.Point C.Segment...
Mathematics
27.12.2021 21:45
what diagnostic professional works in a laboratory and examines samples...
Health
30.11.2020 09:56
What is the value of n?...
Mathematics
16.09.2021 14:29
Answers of this chart please...
English
17.12.2022 23:50
From “Making Energy Drinks”, what is the ratio of drink mix to water?...
Mathematics
21.08.2021 15:55
#
#
#
#
# #

We expand our knowledge with many expert answers