PRC-3 · Chapter 18 · Question 22 of 33
A massive shift towards digital media permanently bankrupts hundreds of traditional newspaper presses. The press operators cannot find jobs because tech companies require programming skills they do not possess. This is:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Structural unemployment
Explanation
Structural unemployment occurs when there is a fundamental mismatch between the obsolete skills possessed by workers and the modern skills demanded by the economy.
More Inflation and Unemployment MCQs
- Q24The government prints billions of new currency notes, sparking a massive spending spree. Because factories cannot physically produce more…
- Q25A massive global crisis triples the price of crude oil. Manufacturers are forced to radically raise the retail prices of all finished…
- Q26A highly skilled accountant quits her job in Karachi to move to Lahore. It takes her exactly three weeks to find a new job. During those…
- Q27A massive shift towards digital media permanently bankrupts traditional newspaper presses. The press operators cannot find jobs because…
- Q28The global economy crashes into a severe recession. Consumers stop buying cars, forcing automobile factories to lay off 20% of their…
