Economics · Unemployment
Martin is an experienced and fully trained shipbuilder based in a Western European city. Due to significant economic changes in supply and demand conditions for shipbuilding in Martin's own country, the shipyard he worked for has closed and he was made redundant. There is no other local demand for his skills within his own region, meaning he would have to move to another country to obtain similar employment or undertake at least a year's retraining in a related engineering field. Which of the following describes the type of unemployment that Martin has been affected by?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Marginal unemployment
- 2Frictional unemployment
- 3Cyclical unemployment
- 4Structural unemployment✓
Correct answer
Structural unemployment
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