Which type of unemployment is defined as people losing their jobs because their skill is no longer in demand?

Answers

Answer 1

Answer: I believe the answer is: Structural unemployment

Structural unemployment refers to a type of employment that caused by industrial reorganization rather than the result of market competition.
Example of structural unemployment would be producer of flip phones that went bankrupt due to technological change that enable smart phones.

Answer 2

Answer:

Structural unemployment is a type of unemployment where people lose their jobs because their skill is no longer in demand.

Further Explanation:

Structural unemployment:

Structural unemployment exists when there is a no match between the need of the business and the skill set of the workers. Generally, this type of unemployment occurs when new technology takes places an existing process method. When the existing workers are not competent to use the new technology then their skills are not required. This situation results in structural unemployment.

In the current case, people are losing their jobs because there is no longer a demand for their skills. The use of new skill set or the replacement of the human skills with the computer skills can be the reason behind the loss in the demand.

Thus, when people lose their jobs because of the decrease in the demand for their skills is known as structural unemployment.

Learn more:

1. Learn more about the demand and supply diagram

brainly.com/question/2195487

2. Learn more about the demand curve

brainly.com/question/8794304

3. Learn more about the forecasting human resources supply

brainly.com/question/6123400

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Income & Employment

Keywords: Which, type of, unemployment is, defined as, people losing, their jobs, because, their, skill, is no, longer in, demand, employment, economics, business.

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Classification of products by degree of __________ divides them into three categories. They are nondurable goods, durable goods, and services. consumption tangibility liquidity porosity value or price

Answers

Classification of products by degree of CONSUMPTION divides them into three categories. They are non-durable goods, durable goods, and services.

Non-durable goods are also known as soft goods or consumables. These are goods that can be consumed and will not last for a long period of time before being replaced by goods of the same kind. It lasts for a maximum of three (3) years. Examples of non-durable goods are food and clothing.

Durable goods are goods that last for at least three years. These are goods that takes a long time before being replaced. Examples of these durable goods are appliances, vehicles, furniture, jewelry, sporting goods and consumer electronics.

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The total amount, including the sales tax and the shipping fee, that Steve paid for the game was $120. What was the shipping fee, in dollars? Show or explain how you got your answer.

Answers

Answer:

Explanation:

To find the shipping fee in dollars, we can set up an equation using the total amount Steve paid, which was $120.

Let S be the cost of the game, T be the sales tax, and F be the shipping fee. We know that:

S + T + F = $120

Now, you mentioned that the sales tax was $20, so we can substitute T with 20:

S + 20 + F = $120

Now, we want to isolate F, the shipping fee. To do that, we'll first subtract 20 from both sides of the equation:

S + F = $120 - 20

S + F = $100

Now, we have the equation in terms of S and F. Since we don't know the cost of the game (S), we can't find F directly. You'll need to provide the cost of the game (S) to find the exact shipping fee (F). If you have the cost of the game (S), you can plug it into the equation to calculate the shipping fee (F).

Fees associated with buying and finalizing your loan are known as _____.

Answers

Closing cost is the term used to call for a fees associated with buying and finalizing your loan. When you say closing cost meaning you are closing a real estate transaction. From the world itself closing, meaning you are conveying the estate to the buyer.

Answer:

Closing cost

Explanation:

The total package that a firm offers employees in return for their labor is called?A benefits package.
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Answers

Answer:

A compensation system.

Explanation:

Banks channel money from savers to borrowers to _____.investors
the government
scarce resources

Answers

Bank channel money from savers to borrowers to INVESTORS.

Savers are individuals who put their money in the bank to earn interests.

Borrowers are individuals who borrow money from the bank and pay fees and interests with either house or vehicle set up as collateral.

Investors are individuals who purchase government securities and corporate bonds sold by the bank.

Answer:

investors.

Explanation:

Jane and Smith are considering the purchase of a home in downtown Minneapolis. They approached Larson's Mortgagers Inc. to arrange for the financing needed for their home. Jane and Smith have made use of _____ in the purchase of their home

Answers

Answer:

prequalification

Explanation:

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