The president of a manufacturing fimm that makes precision tools in Califomia's Silicon Valey was quoted...
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The president of a manufacturing fimm that makes precision tools in Califomia's Silicon Valey was quoted in an article in the Wall Street Journal as saying that "production workers. are Bcaroe," and that "many applicants lack even the most rudimentary skills. He added that "I would say in this valley, people looking for jobs are unemployed for a reason." Source: Jeffrey Sparshott, "Skilled Workers are Scarce in Tight Labor Market," Wal Street Journal, February 2, 2017. Are these applicants likaly to be cyclically, frictionaly, or struchurally unemployed, and what would be the reason that most of them are unemployed? Briefly explain. OA Cycically unemployed, because business cycle recessions can lead to scarcity in certain occupations. OB. Frictionally unemployed, because of the additional time that these applicants spend in jab search OC Btructurally unemployed, because these applicants lack the skills required for the avalable jobs OD. None of the above. These applicants would be considered dacouraged workers because they can't find jobs that match their ski The president of a manufacturing fimm that makes precision tools in Califomia's Silicon Valey was quoted in an article in the Wall Street Journal as saying that "production workers. are Bcaroe," and that "many applicants lack even the most rudimentary skills. He added that "I would say in this valley, people looking for jobs are unemployed for a reason." Source: Jeffrey Sparshott, "Skilled Workers are Scarce in Tight Labor Market," Wal Street Journal, February 2, 2017. Are these applicants likaly to be cyclically, frictionaly, or struchurally unemployed, and what would be the reason that most of them are unemployed? Briefly explain. OA Cycically unemployed, because business cycle recessions can lead to scarcity in certain occupations. OB. Frictionally unemployed, because of the additional time that these applicants spend in jab search OC Btructurally unemployed, because these applicants lack the skills required for the avalable jobs OD. None of the above. These applicants would be considered dacouraged workers because they can't find jobs that match their ski
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tin is rret whih sttes Struturlly unemlyment beuse these lints lk the skills required fr the vilble ... View the full answer
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