Eckstein has lost her job in a Quebec textile plant because of import competition. She intends to take a short course in electronics and move to B.C. where she anticipates new jobs will be available. We can say that Eckstein is faced with:

Question

Quizplus · Accepted Answer

Eckstein's job loss is due to import competition, which is a structural change in the economy. This is different from cyclical unemployment which occurs due to fluctuations in the business cycle, and frictional unemployment which is due to temporary job transitions or search for better opportunities. Secular unemployment refers to a long-term trend of unemployment and is not applicable in this scenario.

Eckstein Has Lost Her Job in a Quebec Textile Plant