Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Frictional Unemployment
B
Structural Unemployment
C
Cyclical Unemployment
D
Seasonal Unemployment
Understanding the Answer
Let's break down why this is correct
Answer
The type of unemployment that happens when workers cannot find jobs because their skills don't match what employers need is called structural unemployment. This situation arises when there are changes in the economy, like new technologies or shifts in consumer demand, which require different skills that some workers may not possess. For example, if a factory starts using advanced machinery, workers who only know how to operate older equipment might find themselves without jobs, even if the factory is hiring. This mismatch means that while there are jobs available, some workers are unable to fill them because they lack the necessary skills. To reduce structural unemployment, workers may need to learn new skills or get additional training.
Detailed Explanation
This type of unemployment happens when workers' skills do not match the jobs that are open. Other options are incorrect because This type is about people who are temporarily between jobs; This happens when the economy is doing poorly, and there aren't enough jobs for everyone.
Key Concepts
unemployment types
Topic
Full Employment Equilibrium
Difficulty
easy level question
Cognitive Level
understand
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