An Unemployed Worker Can Be Identified as Being "Structurally" Unemployed

question 88

Multiple Choice

An unemployed worker can be identified as being "structurally" unemployed if

• A)the worker wants to work only during certain months of the year.
• B)the worker quits a job in order to search for a better one.
• C)there is a recession and the worker is laid off.
• D)the worker has a different set of skills than what is desired by firms.
• E)minimum wage laws prevent the worker from finding a job.

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Definitions:

Appreciating

The increase in the value of an asset over time, which can occur due to various factors such as inflation, changes in interest rates, or increased demand.

Exports

Products or services that are shipped from one country to another for the purpose of sale or exchange.

Imports

Goods or services brought into a country from abroad for sale.

Variable Costs

Costs that change in proportion to the level of production or business activity, such as materials and labor.