The type of unemployment that occurs when an individual cannot find job as a result...

Economics

JAMB 2023

The type of unemployment that occurs when an individual cannot find job as a result of obsolete skill is

A. Structural unemployment
B. Cyclical unemployment
C. Seasonal unemployment
D. Frictional unemployment

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Correct Answer: Option A

Explanation

Structural unemployment occurs when production structure changes or changes in demand or technology. It also occurs when a worker loses job because their jobs are transferred to other countries.

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The type of unemployment that occurs when an individual cannot find job as a result...

Correct Answer: Option A

Explanation

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