Question

If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then there would be no ________________.

a. cyclical unemployment.
b. natural rate of unemployment.
c. structural unemployment.
d. frictional unemployment.

Answer 1

Letter d is correct. Frictional unemployment.

Step-by-step explanation:

In a situation as explained in the question, there would be no frictional unemployment, which corresponds to the natural causes that lead individuals to become unemployed from one job to another, such as getting a job that guarantees better financial benefits to the worker. Occurs by the natural mobility of workforces, it is a normal situation in the economy, it usually takes some time for workers to get a new job that suits their skills and preferences.