Identify what type of unemployment each of the individuals faces. James is an architect who has been laid off owing to a slump in the demand for property. He feels he will have to wait until the economy picks up before he can get a new job. James is facing structural unemployment. Eric is an experienced project manager who lost his job at a tech start-up because the company's product failed to become popular. He is confident he can get a new job and has already rejected a number of offers. Eric is facing cyclical unemployment. Craig lost his job several months ago. He is having a hard time finding a job that pays him more than unemployment insurance does.

James is facing cyclical unemployment

Eric is facing frictional unemployment

Craig is facing structural unemployment

Explanation:

Cyclical unemployment is unemployment that occurs as a result of fluctuations in the economy. When there is a down turn in the economy, unemployment increases and when there is a boom, unemployment decreases

Frictional unemployment is the time a person is unemployed between the time he leaves his job and the time he gets another one.

Structural unemployment is a type of unemployment that occurs when there is a mismatch between the skills a worker has and the jobs that are available

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

answer; (10%) commission;