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Key Concept: Unemployment
Consider a broom factory that permanently closes because of foreign competition. If the broom factory's workers cannot find new jobs because their skills are no longer marketable, then they are classified as
A) a seasonally unemployed.
B) frictionally unemployed.
C) structurally unemployed.
D) cyclically unemployed.
Consider a broom factory that permanently closes because of foreign competition. If the broom factory's workers cannot find new jobs because their skills are no longer marketable, then they are classified as
A) a seasonally unemployed.
B) frictionally unemployed.
C) structurally unemployed.
D) cyclically unemployed.
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These workers are not seasonally unemplo...
Economics for Today 9th Edition by Irvin Tucker
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