A General Mismatch Between the Skills of Unemployed Workers and the Skills

question 117

Multiple Choice

A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in

• A) frictional unemployment.
• B) structural unemployment.
• C) cyclical unemployment.
• D) a higher labor force participation rate.

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Definitions:

Deferred Profit Sharing

A retirement plan in which employees receive a portion of the company's profits at a later date, usually at retirement.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for an employee’s future benefit.

Share Appreciation Rights

A type of employee benefit plan that gives an employee the right to receive cash or stock based on the increase in the price of the company shares.

Market Value

The current price at which an asset or service can be bought or sold in the open market.