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Question

Question
33. Which of the following offers an example of structural unemployment? a. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-term decline in horse-and-buggy transportation. b. The rise in unemployment among farm workers after harvest. c. The unemployment associated with workers changing jobs. d. The increase in unemployment during recessions.

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Carlos

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#### Solution By Steps

***Step 1: Identify Structural Unemployment***

Structural unemployment occurs due to changes in the structure of the economy, leading to a mismatch between the skills of the workforce and the requirements of the new job opportunities.

***Step 2: Analyze the Options***

a. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-term decline in horse-and-buggy transportation is an example of structural unemployment as it involves a shift in technology leading to job obsolescence.

b. The rise in unemployment among farm workers after harvest is more likely seasonal unemployment.

c. The unemployment associated with workers changing jobs is frictional unemployment.

d. The increase in unemployment during recessions is typically cyclical unemployment.

#### Final Answer

a. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-term decline in horse-and-buggy transportation.

#### Key Concept

Structural Unemployment

#### Key Concept Explanation

Structural unemployment arises from shifts in the economy, such as technological advancements, leading to a mismatch between the skills of workers and the requirements of available jobs.