Unemployment That Occurs from Fundamental Technological Changes in the Production

question 68

Multiple Choice

Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for customary ones, is known as:

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

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Definitions:

Interpret Laws

The process of determining the meaning and implications of legal statutes and regulations.

Tacit Consent

The implicit agreement to abide by the laws of a country by remaining there.

Abiding

Lasting a long time; enduring or continually recurring.

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.