12) Bal has graduated with his degree in economics Through Career Services he su

Question

12) Bal has graduated with his degree in economics Through Career Services he submitted tis resume to w and he will visit them A) not in the labor force. B) D) cyclically E) 13) Structural u he is visiting firms ncludes people who become unemployed from A) changes in the seasons. B) normall changes in the labor force. C) technological changes. D) changes in the business cycle. E) going back to schook 14) An employee who is fired from his or her job because he or she lacks the skills required to accomglish the task, is part unemployment. A) frictional B) cyclical C) unskilled D) structural E) withdrawal How would you best describe a manufacturing employee who has been fired because he was replaced by a robot (new technology) and does not have the skills necessary to help operate the robot? 15) A) job leaver B) entrant/reentrant E) withdrawal A) the seasonal weather patterns. C) cyclically unemployed D) structurally unemployed 16) Seasonal unemployment includes people who become unemployed from B) normal changes in the labor force. C) technological changes D) changes in the business cycle. E) changes in international competition. 17) Cyclical unemployment includes people who become unemployed from A) changes in the seasons. B) changes in international competition. C) technological changes D) changes in the business cycle. E) normal labor market turnover 18) The type of unemployment that arises from a decrease in real GDP is called A) frictional unemployment B) structural unemployment. C) seasonal unemployment. D) cyclical unemployment E) downturn unemployment

Explanation / Answer

Question 12

A person who currently does not have job but is searching for job is considered as unemployed and is specific terms, he or she is considered as frictionally unemployed.

Bill is searching for job and is going to appear for interview in next two weeks.

So, Bill is considered to be frictionally unemployed.

The correct answer is the option (B).

Question 13

Structural unemployment refers to the unemployment that is caused by change in technology making the skills of some people redundant and thus has rendered them unemployed.

The correct answer is the option (C).

Question 14

An employee who is fired from his or her job because he or she lacks the skills required to accomplish the task is referred to as structurally unemployed and thus would be part of structural unemployment.

The correct answer is the option (D).

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