Economics Multiple Choice Question – 25 April 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

The increase in online banking has led to a reduction in the demand for counter staff in high street bank branches.

Which of the following types of unemployment is this most likely to have caused?

Select ONE answer:

  1. Cyclical
  2. Frictional
  3. Seasonal
  4. Structural

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

  1. This would have been caused by a decline in aggregate demand.
  2. This arises when workers are in between jobs.
  3. This occurs when workers are unemployed at certain times of the year.
  4. Correct: This is caused by a change in the technology used in the industry – a change in supply conditions.

 

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