The Type of Unemployment That Is Due to Changes in the Structure

question 127

Multiple Choice

The type of unemployment that is due to changes in the structure of the economy is

• A) adjustable unemployment.
• B) structural unemployment.
• C) frictional unemployment.
• D) cyclical unemployment.

---

Definitions:

Consumer Surplus

The discrepancy between the sum consumers intend to pay for a product or service and the sum they really pay.

Power Transmission Wire

Conductors used in power transmission systems to carry electricity over long distances from power plants to electrical substations.

Domestic Demand

The total demand for goods and services within a country's borders.

Foreign Demand

The desire and willingness of buyers in other countries to purchase goods and services from a particular country.