If a Product Becomes Obsolete and the Workers Who Produced

question 257

Multiple Choice

If a product becomes obsolete and the workers who produced that product will need additional training to find new jobs, then they are experiencing:

• A) frictional unemployment.
• B) cyclical unemployment.
• C) full unemployment.
• D) structural unemployment.

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Definitions:

Easement

A right to cross or otherwise use someone else's land for a specified purpose.

Leasehold

A possessory interest, but not an ownership interest, transferred by contract (lease).

Driveway

A private road leading from a public way to a building on the adjoining land, primarily used for vehicle access.

Profit

The right to go onto someone’s land and take part of the land or a product of it away from the land.