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

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Definitions:

Labor Demanded

The total quantity of workers that employers are willing and able to hire at a given wage rate within a specific period, reflecting the hiring needs of firms.

Demand D1

A term that might be used in economic models or discussions to refer specifically to a particular demand curve or demand scenario.

Supply S1

Denotes a point or level of supply within a market for a specific good or service.

Equilibrium Wage

The wage rate at which the quantity of labor demanded equals the quantity of labor supplied; the market wage rate at which the labor market clears.