The Labourers Displaced Due to Assembly-Line Automation May Not Have

question 52

Multiple Choice

The labourers displaced due to assembly-line automation may not have the skills needed to operate the computerized machines that replaced them. This is an example of which type of unemployment?

• A) cyclical
• B) operational
• C) frictional
• D) structural

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Definitions:

Capital Cost Allowance

A tax deduction in some tax systems for businesses, representing depreciation on capital assets.

Straight-Line Depreciation

A procedure for distributing the expense of a physical asset equally over its operational lifetime on an annual basis.

Implied Value

The value derived from underlying assets, expectations of future benefits, or the value inherent in a financial instrument not directly observable.

Special Purpose Entity

A legal entity created for a specific project or objective, often used to isolate financial risk.