In the context of labor market dynamics, which scenario best illustrates the concept of "structural unemployment"? a) A significant number of workers in the automotive industry lose their jobs due to automation and lack the skills required for available jobs in the technology sector. b) A temporary economic recession leads to widespread job losses across various industries. c) Seasonal workers in the tourism industry are unemployed during the off-season months. d) A company lays off employees due to a downturn in its business cycle, but plans to rehire them when the situation improves.

In the context of labor market dynamics, which scenario best illustrates the concept of "structural unemployment"? a) A significant number of workers in the automotive industry lose their jobs due to automation and lack the skills required for available jobs in the technology sector. b) A temporary economic recession leads to widespread job losses across various industries. c) Seasonal workers in the tourism industry are unemployed during the off-season months. d) A company lays off employees due to a downturn in its business cycle, but plans to rehire them when the situation improves.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 27RQ: What is structural unemployment? Give examples of structural unemployment.

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