📚 Learning Guide
Full Employment Equilibrium
easy

Which type of unemployment occurs when workers are not able to find jobs due to a mismatch of skills, even though jobs are available?

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Learning Path
Learning Path

Question & Answer
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Understand Question
2
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3
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4
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Choose 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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