Multiple Choice
In the 1990s, video recordings were made primarily on tapes. However, in the 2000s DVDs became increasingly popular, leading to a sharp decline in video tapes. As a result, many people who manufactured tapes lost their jobs and didn't have the skills necessary to work making DVDs. This occurrence is best consider an example of
A) cyclical unemployment.
B) frictional unemployment.
C) structural unemployment.
D) underemployment.
Correct Answer:

Verified
Correct Answer:
Verified
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