Final answer:
Frictional unemployment occurs because job seekers and employers need time to find one another. Examples include a financial analyst who quits their job in Chicago and factory workers in the U.S. who are laid off as plants move to other countries.
Step-by-step explanation:
Frictional unemployment occurs because job seekers and employers need time to find one another. In a market economy, it takes time for individuals to find out about new job openings, interview, and determine if the job is a good fit. This type of unemployment is not inherently bad and is necessary for individuals and companies to find the best match. Examples of frictional unemployment include a financial analyst who quits their job in Chicago and is pursuing similar work in Arizona, and factory workers in the U.S. who are laid off as plants shut down and move to Mexico and Ireland.