Structural Unemployment Results When

question 311

Multiple Choice

Structural unemployment results when

• A) a reduction in consumer income reduces demand for products.
• B) individuals enter the labor market in June following graduation.
• C) workers face layoffs following a decrease in economic activity.
• D) the introduction of a product substitute leads to a large decline in the market demand for a product so that workers specializing in the production of that product find themselves out of work.

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Definitions:

Richest Fifth

The segment of a population that represents the top 20% in terms of wealth or income distribution.

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An American journalist and author recognized for his work on issues of racism, social inequality, and the history of American education.

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Historically, a section of a city in which members of any minority group live because of social, legal, or economic pressure.

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Government program providing financial assistance to people with inadequate or no income, especially the elderly, disabled, and survivors.