After the passage of the North American Free Trade Agreement,which made it less expensive to import goods from Mexico,workers in some industries found their factories being relocated to Mexico to take advantage of lower labor costs.These workers experienced what type of unemployment?
A) cyclical
B) trade
C) structural
D) frictional
E) foreign
Correct Answer:
Verified
Q238: Full employment means that
A)the unemployment rate is
Q239: Natural unemployment equals the sum of
A)cyclical and
Q240: The natural unemployment rate occurs
A)at the full
Q241: Who is cyclically unemployed?
A)Casey,who lost his job
Q242: At full employment,there is no
A)unemployment.
B)frictional unemployment.
C)structural and
Q244: Producing an amount of GDP equal to
Q245: Bo's actions would
A)have no impact on the
Q246: Tommy graduates from college and starts to
Q247: When the unemployment rate is less than
Q248: If real GDP exceeds potential GDP,then the
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