Jobs lost through trade and new international competition are part of cyclical unemployment.

Question

Quizplus · Accepted Answer

Jobs lost through trade and new international competition are actually part of structural unemployment, which refers to shifts in the economy that result in the displacement of certain types of workers or industries. Cyclical unemployment, on the other hand, is caused by downturns in the business cycle and leads to temporary job losses as a result of reduced demand for goods and services.

Jobs Lost Through Trade and New International Competition Are Part