Use the Information Below to Answer the Following Questions

question 65

Multiple Choice

Use the information below to answer the following questions.
Fact 21.2.1 Some Firms Struggle to Hire Despite High Unemployment
Matching people with available jobs is always difficult after a recession as the economy remakes itself. But labour market data suggest the disconnect is particularly acute this time. Since the recovery began, the number of job openings has risen more than twice as fast as actual hires. If the job market were working normally, openings would be getting filled as they appear. Some 5 million more would be employed and the unemployment rate would be 6.8%, instead of 9.5%.
Source: The Wall Street Journal, August 9, 2010
-Consider Fact 21.2.1. The 5 million workers who cannot find jobs because of mismatching in the labour market are counted as part of the economy's ________ unemployment because ________.

• A)cyclical; the economy is rebounding from a recession
• B)cyclical; there is a mismatch between their skills and the skills required for the available jobs
• C)structural; there is a mismatch between their skills and the skills required for the available jobs
• D)structural; the economy is rebounding from a recession
• E)frictional; finding jobs after a recession is a normal part of the labour market

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Definitions:

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on managing processes, materials, and resources.

Top Executives

Senior-level managers who are responsible for directing the operations and formulating policies of an organization.

Productivity

The efficiency at which individuals, companies, or industries produce goods or services, usually measured in terms of output per unit of input.

Competitive Advantage

The attribute(s) or condition(s) that enables a company to outperform its competitors, such as cost structure, product quality, brand, or customer service.