Structural Unemployment Occurs Because

question 14

Multiple Choice

Structural unemployment occurs because:

• A) when workers and firms need time to locate each other and to digest the information about the suitability and the value of the job match.
• B) the economy has its natural cycle of good times alternating with bad times.
• C) skills that jobless workers have to offer are incompatible with the skills that firms require in order to fill their vacant positions.
• D) many jobs are seasonal in nature, and the affected workers are unable to find jobs during the off-season.
• E) information about available jobs for which the worker is qualified takes time to develop.

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Definitions:

Total Variable Cost

The total of all expenses that fluctuate based on the amount of goods produced or sold, including raw materials and wages for workers directly involved in production.

Units Sold

The total quantity of a company's product that has been purchased by customers during a specific period.

Property Taxes

Taxes paid by property owners based on the value of their property, which are typically used by local governments to fund public services.

Sales Volume

The amount of sales achieved by a business in a specific period, usually measured in units or revenue.