Suppose that over a period of years the country of Quasiland switched from being an agriculturally- based economy to a technologically- based economy. As a result, many people lost jobs because they lacked the correct skills. These people would be considered part of
A) discouraged workers.
B) structural unemployment.
C) cyclical unemployment.
D) frictional unemployment.

Question

Quizplus · Accepted Answer

Structural unemployment is caused by changes in the structure of the economy, such as a shift from agriculture to technology, which leads to job losses for those without the necessary skills. This is different from frictional unemployment, which occurs when people are between jobs and searching for new employment, and cyclical unemployment, which is caused by fluctuations in the business cycle. Discouraged workers are those who have given up looking for work and are not considered part of the labor force.

Suppose That Over a Period of Years the Country of Quasiland