Questions: Multiple Cholce Question Unemployment that occurs when the skills that some workers have to offer simply do not match the skills needed by firms in the economy is: cyclical unemployment. frictional unemployment. structural unemployment. industrial unemployment.

Multiple Cholce Question

Unemployment that occurs when the skills that some workers have to offer simply do not match the skills needed by firms in the economy is:
cyclical unemployment.
frictional unemployment.
structural unemployment.
industrial unemployment.
Transcript text: Multiple Cholce Question Unemployment that occurs when the skills that some workers have to offer simply do not match the skills needed by firms in the economy is: cyclical unemployment. frictional unemployment. structural unemployment. industrial unemployment.
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Solution

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Answer

The answer is structural unemployment.

Explanation
Option 1: Cyclical Unemployment

Cyclical unemployment is related to the natural ups and downs of the economy. It occurs during periods of economic downturns or recessions when there is a lack of demand for goods and services, leading to a reduction in the workforce. This type of unemployment is not related to a mismatch of skills.

Option 2: Frictional Unemployment

Frictional unemployment occurs when workers are temporarily unemployed while transitioning from one job to another. It is a natural form of unemployment that happens when people are searching for new jobs or entering the workforce for the first time. It is not due to a mismatch of skills.

Option 3: Structural Unemployment

Structural unemployment arises when there is a fundamental mismatch between the skills that workers possess and the skills needed by employers. This can be due to technological changes, shifts in the economy, or other factors that change the demand for certain skills. This is the type of unemployment described in the question.

Option 4: Industrial Unemployment

Industrial unemployment is not a standard term used in economics to describe a specific type of unemployment. It is not recognized as a distinct category like the others mentioned.

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