What Type of Unemployment Exists If the Unemployed Persons Have

question 6

Multiple Choice

What type of unemployment exists if the unemployed persons have skills that are different than the skills needed for the job openings that are available?

• A) frictional
• B) seasonal
• C) cyclical
• D) structural

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Definitions:

Market Value

The existing price point for buying or selling an asset or service in the marketplace.

Balance Sheet

A financial report offering an overview of a company's financial situation at a particular moment, detailing assets, liabilities, and the equity of shareholders.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the company's accounts.

Trade Magazine

A publication focused on a specific industry or profession, often containing news, trends, and articles of interest to those in the field.