The type of unemployment that occurs when an individual cann…

JAMB Economics 2023 133 views
Source: JAMB · 2023

The type of unemployment that occurs when an individual cannot find job as a result of obsolete skill is

  1. Frictional unemployment
  2. Structural unemployment ✓
  3. Cyclical unemployment
  4. Seasonal unemployment
Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.

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