The 21-Century Economy Is Based Mainly on

question 79

Multiple Choice

The 21-century economy is based mainly on 

• A)information and knowledge.
• B)physical labor.
• C)a supply of raw materials.
• D)capital.

---

Definitions:

Unemployment Spells

Periods during which an individual is unemployed and searching for a job.

Short Term

Typically refers to a time frame of up to one year, used to describe periods, financial instruments, or investments with brief durations.

Long Term

Referring to an extended period, often implying a duration that affects future conditions or outcomes.

Structural Unemployment

A form of unemployment that arises from a mismatch between the skills that workers offer and the skills demanded by employers, often due to technological changes or market shifts.