Jamal (now age 54) lost his job. He has very specialized skills that are no longer in demand. Jamal's unemployment is best classified as:
a. cyclical.
b. structural.
c. seasonal.
d. frictional.
e. voluntary.
b
You might also like to view...
What is price discrimination and how is it used to increase a monopoly's profit?
What will be an ideal response?
In the short run, when a firm produces zero output, total cost equals
A. Marginal costs. B. Zero. C. Variable costs. D. Fixed costs.
A devaluation of the exchange rate is a policy action that
A) increases the real exchange rate. B) decreases the real exchange rate. C) increases the nominal exchange rate. D) decreases the nominal exchange rate.
A problem with the infant industry argument is that
A) it is too restrictive in targeting new industries to protect. B) it does not protect the most important new industries in a country. C) it is almost impossible to eliminate the tariff once the industry matures. D) it allows infant industries to mature so that tariffs can be eliminated.