Which one of the following is the best explanation of structural unemp
A. Unemployment based upon the business cycle
B. Unemployment based on the time of the year
C. Unemployment based on government regulations
D. Unemployment based on changes in an economy resulting in job vacancies but not enough people qualified to fill them
Right Answer is: D
Structural unemployment is a unemployment caused by structural changes in the economy like technological advances in industry resulting in robots replacing unskilled labor or need of skilled persons.