Unemployment That Results from a Mismatch Between Worker Qualifications and the Characteristics

question 42

Multiple Choice

Unemployment that results from a mismatch between worker qualifications and the characteristics employers require is called _____ unemployment.

• A) cyclical
• B) frictional
• C) natural
• D) structural

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Definitions:

Contract Formation

The process by which parties come to a mutual agreement and establish the terms of a contract, creating legal obligations between them.

Specificity

The extent to which something is precisely defined or focused, often used in contexts such as goals, targets, or aspects within research or discussions.

House

A building for human habitation, typically consisting of multiple rooms and intended to be used as a residence.

Without Reserve

An auction term indicating that the item for sale will be sold to the highest bidder, irrespective of the bid amount.