Which of the following is the closest example of structural unemployment?
A)An accountant quits her job to become an investment banker.
B)An auto worker is fired for poor job performance.
C)Workers in a firms manufacturing films for roll film cameras lost jobs once digital cameras became common.
D)A consultant is laid off because poor economic conditions have depressed the market for consultants.
E)A college graduate seeking his/her first job in the IT industry.

Question

Quizplus · Accepted Answer

Structural unemployment refers to unemployment caused by changes in the economy that lead to a mismatch between the skills workers have and the skills employers need. The example in option C shows this type of unemployment where technological advancements in cameras have made traditional roll film cameras obsolete, resulting in a reduced demand for workers who are skilled in manufacturing roll film.

Which of the Following Is the Closest Example of Structural