Suppose that over a period of years the country of Quasiland ...

[mynx]

Suppose that over a period of years the country of Quasiland switched from being an agriculturally-based economy to a technologically-based economy. As a result, many people lost jobs because they lacked the correct skills.
 
  As they search for new jobs, these people are part of A) frictional unemployment.
  B) structural unemployment.
  C) cyclical unemployment.
  D) discouraged workers.

Question 2

Rental income includes
 
  A) the payment for the use of land.
  B) the payment for the use of all rented inputs.
  C) no income from rental housing because most houses are occupied by their owners.
  D) Both answers A and B are correct.

[Anna]

Answer to Question 1

B

Answer to Question 2

D

[mynx]

Thanks for the timely response, appreciate it

[FergA]

Great answer, keep it coming