Which of the Following Is an Example of Structural Unemployment

question 135

Multiple Choice

Which of the following is an example of structural unemployment?

• A) An autoworker is temporarily laid off from an automobile company due to a decline in sales
• B) A geologist is permanently laid off from an oil company due to a new technological advancement
• C) A worker at a fast-food restaurant quits work to attend college
• D) A real estate agent leaves a job in Texas and searches for a similar, higher paying job in California

Explain the significance of excitatory and inhibitory postsynaptic potentials in neural communication.

Understand and explain the concept of long-run equilibrium in a competitive market and how firms earn zero economic profit in this state.

Analyze the relationship between economic and accounting profits in the context of long-run competitive equilibrium.

Comprehend the concept of economic rent and its relation to scarce resources and production costs.

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Definitions:

Market Exchange

The process through which goods, services, or assets are traded between buyers and sellers at a determined price.

Negative Externalities

Unintended and unfavourable outcomes of an activity or transaction that affect third-party stakeholders who did not choose to be involved in that activity.

Positive Externalities

Benefits experienced by a third party not directly involved in the production or consumption of a good or service.

Socially Desirable

Something that is socially desirable is valued and sought after in a society because it promotes the general welfare or aligns with societal norms and values.