Which of the Following Causes of Unemployment Is Associated with a Wage

question 115

Multiple Choice

Which of the following causes of unemployment is associated with a wage rate above the market equilibrium level?

• A)mismatch between skills and available jobs
• B)economic recession
• C)sectoral changes
• D)unions

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Definitions:

Unfavorable Variances

Occurrences when actual costs exceed budgeted or expected costs, indicating a potential need for management action to address inefficiencies.

Favorable Variances

Differences between actual and budgeted amounts that result in more profit or less cost than originally planned.

Income

Money received, especially on a regular basis, for work, through investments, or from business activities.

Management Of Variance Analysis

The process of investigating the differences between actual financial results and budgeted or expected results, with the aim of understanding the reasons behind these variances to manage and improve financial performance.