resulting from changes in the basic composition of
the economy, which at the same time opens new positions
for trained workers is known as:
a) Structural Unemployment
b) Cyclical Unemployment
c) Frictional Unemployment
d) Natural Unemployment
e) None of these are correct
The correct answer is a.
An example of structural unemployment is the technological revolution. Computers might have eliminated jobs, but it also opened up new positions for those who had the skills to operate the computers.
Frictional unemployment occurs when workers and employers have inconsistent or incomplete information. For example a person might be able to get a job, but is holding out for a better paying one.
Cyclical unemployment results from changes in the business cycle.
Natural unemployment is similar to the long run average unemployment. It is important to remember that 'full employment' is when the economy is at its natural rate of unemployment.
Learn who benefits most when expenses are prepaid. Individuals and businesses often make payments, such as rent or insurance, ...
If you are looking specifically for an investment banking position, an MBA may be marginally preferable over the CFA. The ...
You may still pass the Chartered Financial Analysis (CFA) Level I even if you fare poorly in the ethics section, but don't ...
The correct answer is a) Spinning is the act of selling hot issues to the personal accounts of corporate officers which in ...
Professionals who help individuals manage their finances by providing ...
Formerly known as the Association for Investment Management and ...
A professional designation given by the CFA Institute (formerly ...
A financial professional who studies various industries and companies, ...