A General Mismatch Between the Skills of Unemployed Workers and the Skills

question 117

Multiple Choice

A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in

• A) frictional unemployment.
• B) structural unemployment.
• C) cyclical unemployment.
• D) a higher labor force participation rate.

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Definitions:

Deontological Theory

A moral philosophy where the morality of an action is based on its adherence to rules or duties, rather than the consequences of the action.

Utilitarian Theory

A normative ethical theory that suggests that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

Deontological Theory

An ethical framework that judges the morality of an action based on its adherence to a set of rules, rather than the consequences of the action.

Profit Maximization Theory

An economic principle suggesting that the goal of a business is to increase net income by managing revenue and costs.