Question 4 The primary cause of frictional unemployment is (1) inaccurate and costly information about job opportunities. (3) discouraged workers who give up looking for work. (4) the lack of training and marketable qualifications in job seekers. (1) (4)
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Inaccurate and costly information about job opportunities often leads to frictional unemployment, as job seekers may struggle to find suitable positions that match their skills and preferences. This lack of transparency can prolong the job search process, making it difficult for individuals to transition quickly into new roles, thus contributing to temporary unemployment. Additionally, a lack of training and marketable qualifications can exacerbate the situation. Job seekers without the necessary skills may find themselves sidelined in a competitive job market. Investing in training programs and vocational education can help them become more appealing candidates and reduce frictional unemployment, allowing for a smoother transition into new opportunities.