Unformatted text preview: goods. Question 4 – Structural unemployment is where the people who are unemployed are unskilled and as a result, are unable to find work. Frictional unemployment is when the individual(s) have the skills to perform the job(s) at hand, but have lost their job due to other circumstances (e.g. downsizing, replacing workers with machines, new business owner fires old staff and hires his own). Question 5 – It would mean that every one in the civilian labor force would be employed. Question 11 – A discouraged worker is not necessarily actively looking for a new job, which does not categorize him as unemployed. An unemployed worker is someone who is actively trying to find work....
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This note was uploaded on 11/26/2010 for the course ECON 2301 taught by Professor Camp,r during the Fall '08 term at Trinity Valley Community College.
- Fall '08