Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 3R, Problem 15MCQ
To determine
The type of unemployed worker whose services are no longer demanded.
Expert Solution & Answer
Explanation of Solution
Structural
So, a worker who is unemployed because his/her skills are no longer required in the labor market is considered a structurally unemployed person.
Option “b” is correct.
The other options such as:
- Unemployment that occurs due to fluctuations in the business cycle (recession or boom period) is considered cyclical unemployment.
- Disguised unemployment is a hidden unemployment in the economy. The marginal productivity of disguisedly unemployed people is usually zero or very low.
- Frictional unemployment reflects the unemployment that occurs during the time workers spend in a job search.<
- Underemployment is a situation when workers are more qualified than the jobs available in the market.
Economics Concept Introduction
An individual is considered unemployed who is not working, but actively looking for a job.
Types of unemployment are:
- Structural unemployment,
- Frictional unemployment,
- Cyclical unemployment,
- Seasonal unemployment, and
- Disguised unemployment.
Chapter 3R Solutions
Krugman's Economics For The Ap® Course
Ch. 3R - Prob. 1MCQCh. 3R - Prob. 2MCQCh. 3R - Prob. 3MCQCh. 3R - Prob. 4MCQCh. 3R - Prob. 5MCQCh. 3R - Prob. 6MCQCh. 3R - Prob. 7MCQCh. 3R - Prob. 8MCQCh. 3R - Prob. 9MCQCh. 3R - Prob. 10MCQ
Ch. 3R - Prob. 11MCQCh. 3R - Prob. 12MCQCh. 3R - Prob. 13MCQCh. 3R - Prob. 14MCQCh. 3R - Prob. 15MCQCh. 3R - Prob. 16MCQCh. 3R - Prob. 17MCQCh. 3R - Prob. 18MCQCh. 3R - Prob. 19MCQCh. 3R - Prob. 20MCQCh. 3R - Prob. 21MCQCh. 3R - Prob. 22MCQCh. 3R - Prob. 23MCQCh. 3R - Prob. 24MCQCh. 3R - Prob. 25MCQCh. 3R - Prob. 1FRQCh. 3R - Prob. 2FRQCh. 3R - Prob. 3FRQCh. 3R - Prob. 1CTQCh. 3R - Prob. 2CTQCh. 3R - Prob. 3CTQCh. 3R - Prob. 4CTQCh. 3R - Prob. 5CTQ
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