A textile firm closes a plant in Massachusetts and transfers production to a plant in South Carolina, where the firm can take advantage of cheaper labor. The plant supervisor at the Massachusetts plant is given the opportunity to move to South Carolina to become the plant supervisor at that plant. He turns down this opportunity because of family obligations. While he is searching for a new job he would be classified as
A) structurally unemployed.
B) cyclically unemployed.
C) frictionally unemployed.
D) not in the labor force because he turned down the opportunity to relocate.
Correct Answer:
Verified
Q42: Structural unemployment is the
A) portion of unemployment
Q43: Estimates for the natural rate of unemployment
Q44: An individual who cannot find a job
Q45: During the severe recession of the early
Q46: Related to the Economics in Practice on
Q48: If the labor market becomes more efficient
Q49: When the Fed slows the rate of
Q50: The sum of frictional and structural unemployment
Q51: An auto worker in Ohio who loses
Q52: The economy is in a recession and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents