By offering training to workers whose firms sacked them because of competition from foreign firms, the federal government is attempting to reduce:
A)frictional unemployment.
B)structural unemployment.
C)cyclical unemployment.
D)seasonal unemployment.

Question

Quizplus · Accepted Answer

The training offered by the federal government is aimed at reducing structural unemployment, which arises due to changes in the structure of the economy, such as globalization and technological advancements. When firms face competition from foreign firms, they may downsize or restructure, leading to job losses. The workers who lose their jobs in these firms may not have the skills or qualifications required for the new jobs being created in the economy. Therefore, by offering training to these workers, the government aims to equip them with the skills needed to meet the demands of the changing labor market and reduce structural unemployment.

By Offering Training to Workers Whose Firms Sacked Them Because