CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

Which of the following is the best example of frictional unemployment?
A. You voluntarily quit your job and you're looking for a new one.
B. Typewriters have largely been replaced by computers, so the typewriter industry permanently lays off workers. These workers do not have the skills to get a job in the computer industry.
C. You are employed part-time at a grocery store but you would prefer to work full-time.
Explanation: Frictional unemployment refers to temporary unemployment due to the time that it takes to search for an appropriate job.

User Contributed Comments 4

User Comment
sheenalim A) if u stop looking for employment, u stop being unemployed.
B) structural unemployment
jasonkwk C) unemployed
LCMilkbone bad question. frictional employment has a job lined up. A mentions nothing of the sort
nike @LCMilkbone: the question ask for an example of "frictional unemployment", not "frictional employment" as you mentioned.
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