Question 12011EconomicsWAEC
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
Step-by-Step Explanation
Frictional unemployment occurs when individuals are temporarily between jobs or are entering the workforce for the first time. Encouraging the use of retraining schemes helps workers acquire new skills that match current job market demands, facilitating smoother transitions into new employment. This approach reduces the time individuals spend unemployed while searching for suitable positions.