Question

Workers who lose their jobs because the skill set they possess is no longer required in the economy are considered to be _________.
a) discouraged workers
b) cyclically unemployed
c) frictionally unemployed
d) overemployed
e) structurally unemployed

Answer 1

Answer:

e) structurally unemployed

Explanation:

Structural unemployment is when workers lose their jobs because the skill set they possess is no longer required in the economy.

Cyclical unemployment is when employment level changes with the business cycle. Unemployment increases when there's a downturn in the economy and falls when there's a upturn.

Frictional unemployment occurs when labour leave their job and are yet to find another.

A discouraged worker is a worker who is still part of the labour force but is unemployed and isn't actively seeking employment.

I hope my answer helps you.