Underemployment Occurs

question 129

Multiple Choice

Underemployment occurs:

• A)when skilled workers are employed in low-skill jobs.
• B)when workers willing and able to work cannot find a job.
• C)when workers drop out of the labor force in frustration.
• D)only when a country adopts an export-promotion strategy.
• E)only when a country adopts an import-substitution strategy.

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Definitions:

Educational Level

A measure of the highest degree of schooling or training achieved by an individual, often impacting employment opportunities and earnings potential.

Threshold

The point at which a particular effect, reaction, or change occurs, often marking the boundary or limit for certain actions.

Lemons Problem

A market problem arising when buyers cannot distinguish between high-quality and low-quality products, leading to an overall drop in product quality.

Free Agents

Individuals or entities that are available to provide services or work without being bound by long-term contracts, often used in the context of professional sports or employment.