Which of the Following Is the Closest Example of Structural

question 85

Multiple Choice

Which of the following is the closest example of structural unemployment?

• A)An accountant quits her job to become an investment banker.
• B)An auto worker is fired for poor job performance.
• C)Workers in a firms manufacturing films for roll film cameras lost jobs once digital cameras became common.
• D)A consultant is laid off because poor economic conditions have depressed the market for consultants.
• E)A college graduate seeking his/her first job in the IT industry.

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Definitions:

Profit Maximization

A pricing objective that involves setting a relatively high price for a period of time after the product launches.

Product Life Cycle

The sequence of stages a product goes through from introduction to growth, maturity, and decline in the market.

Cost-plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.

Price Elasticity

An economic concept that measures the responsiveness of the quantity demanded of a good or service to a change in its price, influencing pricing strategies and market analysis.