Multiple Choice
NPR ("Certain Green Industries Have Job Openings", November 12, 2008) reported on a story about wind turbine manufacturers in Ohio having trouble finding skilled workers. The report noted that as a result tens of thousands of people having been laid off, there is "a huge pool of job-seekers." The firms claim to "offer good pay and benefits." A representative from the United Steelworkers claims that their union members have easily transferrable skills, but the pay is too low, around $30,000 annually. A manager at Apollo Alliance says that workers in the new industry need different skills than those in the old steel industry. The type of unemployment described in the story is ________ unemployment.
A) cyclical
B) structural
C) frictional
D) efficiency wage
Correct Answer:

Verified
Correct Answer:
Verified
Q9: At the natural unemployment rate, there is
Q10: Cyclical unemployment<br>A) decreases during an expansion.<br>B) grows
Q11: The first step in measuring the CPI
Q12: What is the definition of the unemployment
Q13: The official U-3 unemployment rate<br>A) includes persons
Q15: Unlike cyclical unemployment, both frictional and structural
Q16: If the population is 300 million, with
Q17: The labor force is defined as the
Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q19: The table below shows the price index