There Will Be Structural Unemployment If

question 228

Multiple Choice

There will be structural unemployment if

• A)some wages are kept above their equilibrium level.
• B)some people choose not to work at the equilibrium wage.
• C)some wages are below their equilibrium level.
• D)There can be structural unemployment under all the possibilities above.

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Definitions:

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Social Stratification

The hierarchical arrangement of individuals in a society based on wealth, power, and social status.

Caste System

A form of social stratification characterized by hereditary transmission of a lifestyle which often includes occupation, status in a hierarchy, and customary social interaction and exclusion.

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The set of rights guaranteed to each citizen by the country's constitution and laws, including civil, political, and social rights.