Unemployment Involving a Mismatch of the Skills of Unemployed Workers

question 282

Multiple Choice

Unemployment involving a mismatch of the skills of unemployed workers and the skills required for available jobs is called

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

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Definitions:

Trade Restrictions

Measures imposed by governments to regulate or limit international trade.

Tariff

A tax levied on goods imported into a country.

Imported Steel

Steel that is produced in one country and brought into another for use in manufacturing or construction.

Domestic Industry

Industries within a country’s borders that produce goods or services for the local economy.