Practice Quiz

CLEP Intro to Sociology

Category - Occupations

Start a Study Session Sign up for Question of the Day

What kind(s) of unemployment can exist in a capitalist economy?

  1. Unemployment due to a recession
  2. Seasonal unemployment
  3. Unemployment due to lack of skills
  4. All of the above
Explanation

Answer: D - Unemployment due to a recession, seasonal unemployment, and unemployment due to lack of skills can all exist in a capitalist economy. The current increased unemployment rate is due to lowered production, which often occurs during a recession. Seasonal unemployment is common in sales jobs, with the number of available jobs rising around the winter holidays.

Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz