Unemployment that occurs from fundamental technological changes in the production, or from the substitution of new goods for customary ones, is known as:
A) underemployment.
B) seasonal unemployment.
C) frictional unemployment.
D) structural 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. This can result from technological changes or the introduction of new goods that replace traditional ones. Therefore, option D is the correct choice.

Unemployment That Occurs from Fundamental Technological Changes in the Production