Bob is looking for work afterschool, but everywhere he fills out an application, the managers say they always have alot more application than open positions. Tom has a law degree. Several firms have made him an offer, but he thinks he might be able to find andirm where his talents could be put to better use?
1. Bob is structurally unemployed, and Tom is frictionally unemployed
2. Bob and Tom are both frictionally unemployed
3. Bob and Tom are both structurally unemployed

Option A; BOB IS STRUCTURALLY UNEMPLOYED, AND TOM IS FRICTIONALLY UNEMPLOYED.

Explanation:

Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers.

Frictional unemployment is a form of unemployment where workers are jobless and looking for job in a healthy economy. It is sometimes called search unemployment and can be based on the circumstances of the individual.

Bob is unemployed but not voluntary but due to more application than open positions everywhere he fills out an application. While Tom, even though, several firms have made him an offer is jobless because he wants a firm where he can put his talents to better use.

Therefore, BOB IS STRUCTURALLY UNEMPLOYED, AND TOM IS FRICTIONALLY UNEMPLOYED.

engaging in financial planning?

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answer; functional fixedness;