Suppose that over time,the majority of people who read books shift toward reading on an electronic device as opposed to reading physical books.As a result,a number of bookstores go out of business.This leads to what type of unemployment?
A) cyclical
B) structural
C) natural
D) frictional
E) seasonal

Question

Quizplus · Accepted Answer

The shift towards electronic reading devices is a long-term structural change that is resulting in the decline of bookstores. This type of unemployment is structural unemployment, which occurs when changes in the economy make some skills obsolete and some jobs unnecessary.

Suppose That Over Time,the Majority of People Who Read Books