Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Frictional Unemployment
B
Structural Unemployment
C
Seasonal Unemployment
D
Cyclical Unemployment
Understanding the Answer
Let's break down why this is correct
Answer
The type of unemployment that happens when workers are temporarily laid off due to seasonal changes is called seasonal unemployment. This occurs when certain jobs are only available during specific times of the year, like summer jobs at a beach resort or holiday retail positions. Even though these workers are not employed during off-seasons, the overall economy is still considered to be at full employment equilibrium, meaning that most people who want to work can find jobs. For example, a ski resort may lay off staff in the spring when the snow melts, but these workers know they will be hired again when the next winter season starts. Seasonal unemployment is a normal part of the job market and reflects the natural rhythm of certain industries.
Detailed Explanation
Seasonal unemployment happens when jobs depend on the season. Other options are incorrect because Frictional unemployment is when people are between jobs; Structural unemployment occurs when skills do not match job needs.
Key Concepts
full employment
unemployment types
Topic
Full Employment Equilibrium
Difficulty
medium level question
Cognitive Level
understand
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