Frictional unemployment can be reduced by
ECONOMICS
WAEC 2011
Frictional unemployment can be reduced by
- A. encouraging the use of retaining schemes
- B. removing barriers to labour mobility
- C. restricting the introduction of new technology
- D. lowering the level of wages paid to young people
Correct Answer: A. encouraging the use of retaining schemes
Explanation
Frictional unemployment is the type of unemployment which exists in any economy due to people being in the process of moving from one job to another. It occur when people are switching between jobs or are redundant and searching for jobs.
For example, if you graduate from university, you can
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