Asked by calista Williams on Jun 14, 2024
Verified
In which of the following industries are workers least likely to suffer from cyclical unemployment?
A) Construction industry
B) Automobile manufacturing
C) Apparel industry
D) Education
E) Tourism
Education
The process of receiving or giving systematic instruction, especially at a school or university.
Cyclical Unemployment
Unemployment that results from business cycle fluctuations in the economy, typically increasing during recessions and decreasing during expansions.
Construction Industry
The business sector that focuses on the construction, maintenance, and renovation of buildings, infrastructure, and other real estate projects.
- Perceive the interrelation between the phases of economic activity and categories of unemployment.
Verified Answer
HS
Holly StreamerJun 16, 2024
Final Answer :
D
Explanation :
The education industry is less prone to cyclical unemployment because education is considered a long-term investment, and demand for educational services tends to remain stable even during economic downturns.
Learning Objectives
- Perceive the interrelation between the phases of economic activity and categories of unemployment.