Match Each Item on the Left with the Correct Definition

question 5

Multiple Choice

Match each item on the left with the correct definition:

• A) A-1, B-3, C-2
• B) A-3, B-2, C-1
• C) A-1, B-3, C-4
• D) A-4, B-l, C-3
• E) A-2, B-4, C-3

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Definitions:

Labor Markets

The supply of available workers in relation to available work, and the dynamics of wages, employment, and labor demand.

Unskilled Workers

Individuals who perform jobs that require limited or no specialized skills or training.

Workers Specialize

When workers focus on a narrow set of tasks or acquire specialized skills, leading to increased efficiency and productivity.

Command System

A type of economic system where production, investment, prices, and incomes are determined centrally by a government.