When a huge coal mine in a small town closes,workers are forced to find other employment.A high-technology firm has moved to the community,but very few of the former mine employees have the required skills to work there.This exemplifies which of the following?
A) job loss
B) lack of labour unions
C) unemployment rate
D) unemployment

Question

Quizplus · Accepted Answer

The scenario describes a situation where workers are unable to find new employment after the closure of the coal mine. This is an example of unemployment, specifically structural unemployment, where there is a mismatch between the skills of available workers and the requirements of available jobs. The lack of skills required for the high-technology firm also highlights the need for workers to continuously update their skills and knowledge to remain employable in a changing job market.

When a Huge Coal Mine in a Small Town Closes,workers