4
QuizMultiple Choice

Economic Growth — Quiz

Question 4 • Personal Finance and Economics

Jim lost his job in a car assembly factory to a robot and his skills will no longer be needed. Which terms can be used to describe Jim? Choose two correct answers.

Answer
A
still employed
B
unemployed
C
frictionally unemployed
D
cyclically unemployed
E
structurally unemployed
F
domestically unemployed

Explanation

Jim has lost his job, so he is unemployed. Because a robot has replaced his work and his existing skills are no longer needed, the job loss reflects a lasting change in the structure of the labor market; this is structural unemployment. Therefore, the correct terms are “structurally unemployed” and “unemployed.”

AI-written and checked against the verified answer.

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