Structural Unemployment Occurs When

question 24

Multiple Choice

Structural unemployment occurs when:

• A)​automation reduces the need for welders in Detroit.
• B)​frictional unemployment exceeds 5 percent of the labor force.
• C)​steelworkers are laid off due to a downturn in the economy.
• D)​a person leaves a job to seek a better position and has not yet found the job he or she wants.

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Definitions:

Prepaid Expense

An expense that has been paid in advance and is recorded as an asset until it is actually incurred.