Examlex
________ unemployment occurs due to a mismatch between the jobs that are available and the skills of workers seeking jobs.
Risk-averse
A description of an individual's or entity's preference for avoiding loss over making a gain.
Expected Income
The income an individual anticipates to earn in the future based on current circumstances, potential investments, and employment prospects.
Utility Maximizer
An economic agent who seeks to achieve the highest level of satisfaction or utility from their choices, given their constraints.
Probability
A rating of the potential occurrence of an event, depicted on a scale from 0 to 1.
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