Question 16 The primary cause of frictional unemployment is (1) a mismatch of the skills of unemployed workers with the skills needed for job openings. (2) the lack of and cost of acquiring information about available job opportunities. (3) discouraged workers who quit looking for a job after extended periods of (4) the low level of the current minimum wages.

Frictional unemployment is often considered a natural part of any economy, as it arises when individuals are temporarily unemployed while transitioning between jobs or entering the labor market. This can happen due to personal choices, such as relocation for a better opportunity or newly graduated individuals seeking their first job, showcasing the dynamic nature of labor markets. In the job-hunting process, being proactive can significantly reduce the time spent in frictional unemployment. Networking, utilizing online job platforms, and tailoring resumes to highlight relevant skills are essential strategies. However, a common mistake is applying for positions without fully understanding the required skill set or culture, which can lead to a longer job search and mismatched opportunities.