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Which of the following is an example of structural unemployment?

Option A
Three sales associates from Target are fired after stealing merchandise from the electronics department.

Option B
John quits his job after getting accepted into law school.

Option C
Though many companies are hiring in Washington D.C., unemployment is high in Tennessee.

Option D
A large fire burns down an automotive plant in Detroit, forcing the employees temporarily out of work.

Question 6
Question 6
10
Points
Question 6
Apple computers ship their computer parts to India to be made, and station their tech support in India. This is an example of a:

Option A
Global commodity chain

Option B
Decisive export

Option C
Global assembly line

Option D
Xenophobia

Question 7
Question 7
10
Points
Question 7
Which of the following is an example of convergence theory in action?

Option A
Following the decline of the automotive industry, Detroit became a bankrupt city with large unemployment.

Option B
The suburbs of Paris became crime-infested after wealthier citizens moved into the city, pushing the lower classes out of their homes.

Option C
Germany rebuilt its economy after World War II, creating more job opportunities and prosperity for its citizens.

Option D
Washington DC has become a city to which many young people flock because of its low unemployment rate and job opportunities.

Question 8
Question 8
10
Points
Question 8
Alex’s country was once communist, but now allows limited private ownership of companies, and lets market forces determine production and pricing decisions. What kinds of economy is Alex living in?

Option A
Market Socialist

Option B
Capitalist

Option C
Market Communist

Option D
Democratic

1 answer

Here are the answers to your questions:

Question 5: Which of the following is an example of structural unemployment?

  • Option C: Though many companies are hiring in Washington D.C., unemployment is high in Tennessee.
    This is structural unemployment because it reflects a mismatch between the skills of workers in Tennessee and the job opportunities available in other regions.

Question 6: Apple computers ship their computer parts to India to be made, and station their tech support in India. This is an example of a:

  • Option A: Global commodity chain
    A global commodity chain refers to the series of processes involved in the production and distribution of goods across international borders.

Question 7: Which of the following is an example of convergence theory in action?

  • Option C: Germany rebuilt its economy after World War II, creating more job opportunities and prosperity for its citizens.
    Convergence theory suggests that poorer economies will grow at a faster rate than richer ones, eventually converging in terms of economic performance.

Question 8: Alex’s country was once communist, but now allows limited private ownership of companies, and lets market forces determine production and pricing decisions. What kind of economy is Alex living in?

  • Option A: Market Socialist
    Market socialism combines aspects of a market economy with social ownership of the means of production, which aligns with the description provided.