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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.

All 33 questions in Chapter 18Inflation and Unemployment MCQs with answers

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