The Recent Trend Where in Some Occupations (Such as High-Tech)unemployment

question 10

Multiple Choice

The recent trend where in some occupations (such as high-tech) unemployment rates are low, while in others unemployment rates are still very high and recruiters in many companies can't find candidates, while in others there's a wealth of candidates is called:

• A)talent analytics
• B)globalization
• C)the unbalanced labor force
• D)human capital

---

Definitions:

Opportunity Costs

The value of the next best alternative forgone as a result of making a particular choice.

Production

The process of creating goods or services by combining various elements such as labor, technology, and raw materials.

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources that it already owns without paying for them explicitly.

Firm's Debt

A firm's debt refers to the amount of money that the company owes to creditors. It is a key component of a company's capital structure.