Asked by Jillian Hearne on May 08, 2024
Verified
Junior Ozark dresses for job interviews in bib overalls,a red lumberjack shirt,and torn basketball sneakers.He has been looking for a job as an investment banker ever since he dropped out of high school.He is now 46 years old and has never held a job.Mr.Ozark is _____ unemployed.
A) frictionally
B) structurally
C) cyclically
D) psychologically
Structurally Unemployed
Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
Investment Banker
A professional within the banking sector who deals with raising capital for corporations, governments, or other entities by underwriting or acting as the client's agent in the issuance of securities.
- Learn to discern between the types of unemployment, namely frictional, structural, and cyclical.
Verified Answer
SJ
SOPHEIAH JONES-FITZGERALDMay 15, 2024
Final Answer :
B
Explanation :
Mr. Ozark's lack of job experience and qualifications for the job he is seeking suggest that he is structurally unemployed. This type of unemployment occurs when an individual's skills or experience do not align with job openings available in the economy.
Learning Objectives
- Learn to discern between the types of unemployment, namely frictional, structural, and cyclical.