Long-term changes in demand that make some goods obsolete (possibly due to technological advancement)are likely to have their greatest impact on
A)Structural unemployment.
B)Cyclical unemployment.
C)Frictional unemployment.
D)Seasonal unemployment.

Question

Quizplus · Accepted Answer

Structural unemployment occurs when there is a mismatch between the skills and qualifications of workers and the requirements of available jobs. When technological advancements make some goods obsolete, there may be reduced demand for workers in the industries that produce those goods. This can lead to a mismatch between the skills and qualifications of workers and the requirements of available jobs, resulting in structural unemployment.

Long-Term Changes in Demand That Make Some Goods Obsolete (Possibly