Why do markets operate inefficiently when the world's resources are so limited? Review the various types of unemployment that exist and why some resources, especially human resources, go unused.

Additional Tags

unemployment, frictional unemployment, underemployment, inefficiency, social studies

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Instructional Ideas

• Assess learners by having them identify and discuss their own scenarios illustrating frictional, structural, and cyclical unemployment

Pros

• Very straightforward and clear explanations of the types of unemployment
• Well-organized reading and worksheet

Cons

• None

Common Core

RH.11-12.1 RH.11-12.2 RH.11-12.4