Structural unemployment is the result of technological change or foreign competi

Question

Structural unemployment is the result of technological change or foreign competition. normal labor market turnover. a slowdown in the rate of economic expansion. irresponsible workers with poor work habits. changing weather patterns through the year. During 2009, General Motors announced that it would close its Saturn facilities in the United States because of the foreign competition it faced. This corporate move increased structural unemployment increased avoidable unemployment. Increased cyclical unemployment. had no impact on unemployment. decreased frictional unemployment.

Explanation / Answer

(29) Option (1)

Structural unemployment is caused by technological change, skill mismatch or global competition causing job loss.

(30) Option (1)

Unemployment caused by foreign competition increases structural unemployment.

Note: There is no economic term as "Avoidable unemployment".

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