resulting from changes in the basic composition of
the economy, which at the same time opens new positions
for trained workers is known as:
a) Structural Unemployment
b) Cyclical Unemployment
c) Frictional Unemployment
d) Natural Unemployment
e) None of these are correct
The correct answer is a.
An example of structural unemployment is the technological revolution. Computers might have eliminated jobs, but it also opened up new positions for those who had the skills to operate the computers.
Frictional unemployment occurs when workers and employers have inconsistent or incomplete information. For example a person might be able to get a job, but is holding out for a better paying one.
Cyclical unemployment results from changes in the business cycle.
Natural unemployment is similar to the long run average unemployment. It is important to remember that 'full employment' is when the economy is at its natural rate of unemployment.
Understand the differences between a Chartered Financial Analyst and a Certified Financial Planner. Learn how each approaches ...
Understand what it means to hold the Chartered Financial Analyst designation. Learn how a candidate can work to become a ...
Understand what types of positions a Chartered Financial Analyst can hold. Learn what is available to those who have only ...
Learn who benefits most when expenses are prepaid. Individuals and businesses often make payments, such as rent or insurance, ...
Professionals who help individuals manage their finances by providing ...
Formerly known as the Association for Investment Management and ...
A professional designation given by the CFA Institute (formerly ...
A financial professional who studies various industries and companies, ...