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15 December, 14:30

Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska. That year, Professor Simpson would be officially counted as: A. structurally unemployed. B. frictionally unemployed. C. not in the labor force. D. employed

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  1. 15 December, 14:54
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    D. employed

    Explanation:

    a. Structural unemployment is a type of unemployment which results from skill expectation gap, where the unemployed do not possess the skill required for a particular job. This does not apply to Dr. Homer Simpson

    b. Frictional unemployment is the unemployment that results from the time a job seeker leaves one job and the time he gets another one. This does not apply to Dr. Homer Simpson

    Dr. Homer Simpson is in labor force as he is presently running a commercial fishing boat in Alaska to earn extra income.
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Home » Business » Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska. That year, Professor Simpson would be officially counted as: A. structurally unemployed. B. frictionally unemployed. C.
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