If a product becomes obsolete and the workers who produced that product will need additional training to find new jobs, they are experiencing _____ unemployment.
A) frictional
B) cyclical
C) full
D) structural

Question

Quizplus · Accepted Answer

Structural unemployment is caused by structural changes in the economy, such as technological advancements or changes in consumer demand, that lead to a mismatch between the skills of workers and the requirements of available jobs. In the scenario described, workers who produced an obsolete product will need additional training to find new jobs, indicating a mismatch between their current skills and the requirements of available jobs. Therefore, this is an example of structural unemployment.

If a Product Becomes Obsolete and the Workers Who Produced