Which of the following is an example of structural unemployment?
A textile worker loses the job due to industry automation
Structural unemployment arises when there is a mismatch between the skills of workers and the requirements of jobs, often due to technological change, automation, or shifts in the structure of the economy.
A textile worker who loses the job because of industry automation is displaced by a permanent change in production technology, which is a classic case of structural unemployment.
Seasonal fluctuations in tourism cause seasonal unemployment, quitting to study is voluntary, and a temporary dip in demand causes cyclical unemployment.
Hence, the example of structural unemployment is the textile worker losing the job due to industry automation.
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Important Questions from Microeconomics
Which of the following statement is correct?
I. Indifference curves are sloping from left to right.
II. Higher indifference curve gives a higher level of utility.
Match List I with List II:
List- I
Shape of revenue curve of the firm
List – II
Market structure
A.
Kinked revenue-curve (I)
Monopolistic competition B.
Infinitely elastic straight line curve (II)
Perfect competition C.
Relatively less elastic curve (III)
Oligopoly D.
Relatively high elastic curve (IV)
Monopoly.
Choose the correct answer from the options given below -Marginal revenue of a firm is constant throughout under _________.
The cost curve which is a rectangular hyperbola is:
Rare of inflation is equal to:
[A = Price Index]
