Unemployment Rates for Skilled Workers Compared to Unemployment Rates for Unskilled

question 183

Multiple Choice

Unemployment rates for skilled workers compared to unemployment rates for unskilled workers are

• A) lower, because skilled workers tend to be employed in less cyclically vulnerable industries, such as the services and nondurable goods industries.
• B) higher, because skilled workers tend to be employed in more cyclically vulnerable industries, such as the durable goods industry.
• C) higher, because businesses are less likely to retain the more costly skilled workers no matter what type of industry.
• D) lower, because skilled workers tend to be primarily employed by government at the local, state, and federal levels.

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Definitions:

Replenishment Order

An order placed to restock inventory or supplies to ensure sufficient levels are maintained to meet anticipated demand.

Trade Promotion

Marketing activities executed to increase product demand among wholesaler, retailer, or distributor levels.

Fixed Cost

Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance.

Managerial Levers

Tools or mechanisms that managers can use to influence the performance and direction of their organization, such as decision-making processes, organizational structure, and resource allocation.