Robert just found out that he is going to be unemployed within a month because his factory has invested in a robotic factory line and his skills are no longer needed. This means that Robert is
✔ structurally unemployed
The GDP within Country D has begun to decline. As a result of decreased production, Thomas lost his job designing cars. This means that Thomas is
✔ cyclically unemployed
Raquel has just been offered a job, but she has decided not to take it because she feels her skills merit better pay and a better position. This means that Raquel is
✔ frictionally unemployed
Heres the answers
(economicis)
Answers
Answer:
Structurally unemployed
Cyclically unemployeed
Frictionally unemployed
Explanation:
edge 2021
Answer:
Structurally unemployed
Cyclically unemployed
Frictionally unemployed
Explanation:
What is meant by structural unemployment ?
The unemployment which arises from an industrial reorganization, specifically due to the technological changes, rather than the fluctuations in supply or demand in the economy. So in this case, Robert had invested in a robotic factory line and he came to know that he is going to be unemployed within a month and his skills will not be needed anymore. This is a case of Structural unemployment.
What is Cyclical unemployment?
The cyclical unemployment is a kind of unemployment which is in relation to the cyclical trends in the economy or in the business cycle. If the economy is doing good or at boom, the cyclical unemployment will be at its lowest. Again, it will be the highest when the economy growth starts to falter. In this case, The Gross Domestic Product (GDP) within the country D had begun to decline. As a result of this the production was also decreased and Thomas also lost his job of designing cars. It is a case of cyclical unemployment.
What is Frictional unemployment?
It is a type of unemployment which exists in probably any economy due to people being in the process of transferring or moving from one job to the other. In this context, Raquel has just been offered a job, but she decided not to take it because she thinks that her skills and merit should get her a better pay and a better position. This is a case of frictional unemployment as Raquel is waiting for a better opportunity.