Asked by feiben alaze on May 07, 2024
Verified
Magnus has been unemployed for a long time because he has not been able to find a job in which he can apply his specialized knowledge about the Robostic Data System (RDS) ,a computer system that is now obsolete.What type of unemployment is Magnus facing?
A) Structural unemployment
B) Frictional unemployment
C) Seasonal unemployment
D) Cyclical unemployment
Structural Unemployment
People who remain unemployed for long periods of time, often with little hope of finding new jobs like their old ones.
Specialized Knowledge
Expertise or skills focused on a specific branch of study, occupation, or field of endeavor, distinguished by its depth and proficiency.
- Identify the causes and types of unemployment and their impacts on the economy.
Verified Answer
RG
Rhiãã GëëMay 10, 2024
Final Answer :
A
Explanation :
Magnus is facing structural unemployment, which occurs when there is a mismatch between the skills workers have and the skills needed for available jobs. In this case, Magnus's specialized knowledge of an obsolete computer system (RDS) is no longer in demand, making it difficult for him to find a job where he can apply his skills.
Learning Objectives
- Identify the causes and types of unemployment and their impacts on the economy.