When Workers Are Unemployed Due to a Mismatch Between Their

question 60

Multiple Choice

When workers are unemployed due to a mismatch between their skills and the jobs available, economists call this

• A) cyclical unemployment.
• B) frictional unemployment.
• C) structural unemployment.
• D) transitional unemployment.

---

Definitions:

External Balancing

A strategy implemented to match supply and demand by adjusting capacity externally, often through outsourcing or partnerships.

Production Flexibility

Refers to a company's ability to quickly adjust its production levels and processes to accommodate changes in market demand or to exploit new market opportunities.

Exponential Smoothing

A technique used in time series data to smooth out fluctuations and predict future values.

Demand Management

The process of forecasting, planning, and controlling demand for products and services to meet business needs.