A worker who loses a job at a petroleum refinery because consumers and business firms switch from the use of oil to natural gas is an example of

Question

Quizplus · Accepted Answer

This is an example of structural unemployment, which is caused by changes in the structure of the economy, such as shifts in consumer demand or changes in technology. In this case, the shift from oil to natural gas is a structural change that results in workers in the oil industry becoming unemployed.

A Worker Who Loses a Job at a Petroleum Refinery