When Does Structural Unemployment Occur

question 152

Multiple Choice

When does structural unemployment occur?

• A)when frictional unemployment exceeds 5 percent of the labour force
• B)when a person leaves a job to seek a better position and can't find the job he or she wants
• C)when steelworkers are laid off due to a downturn in the economy
• D)when automation reduces the need for welders in Oshawa

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Definitions:

Templeton Growth Fund

A mutual fund that aims for long-term capital growth by investing primarily in the equity of companies around the world.

Invested

Money that is allocated for a particular purpose, such as buying stocks or bonds, in the hope of generating a financial return.

Strip Bond

A type of bond where the principal and regular coupon payments have been separated and are sold individually.

Compounded Semiannually

Interest calculated twice a year on the initial principal and previously earned interest.