Suppose That Over a Period of Years the Country of Quasiland

question 82

Multiple Choice

Suppose that over a period of years the country of Quasiland switched from being an agriculturally-based economy to a technologically-based economy. As a result, many people lost jobs because they lacked the correct skills. As they search for new jobs, these people are part of

• A) frictional unemployment.
• B) cyclical unemployment.
• C) structural unemployment.
• D) discouraged workers.