Unemployment Arising from a Persistent Mismatch Between the Skills and Characteristics

question 85

Multiple Choice

Unemployment arising from a persistent mismatch between the skills and characteristics of workers and the requirements of jobs is called

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

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Definitions:

Economic Benefits

The gains derived from financial and non-financial activities, including income, improved well-being, or increased value.

Asset's Fair Value

The estimated price at which an asset could be bought or sold in a current transaction between willing parties, other than in a liquidation sale.

Double Diminishing-Balance

A method of accelerated depreciation which doubles the rate at which an asset's book value depreciates, leading to larger deductions in the early years of an asset's life.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.