Unemployment Arising from Mismatch of Skills Is Called

question 117

Multiple Choice

Unemployment arising from mismatch of skills is called

• A)frictional unemployment
• B)structural unemployment
• C)seasonal unemployment
• D)cyclical unemployment
• E)underemployment

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Definitions:

Disclosed Principal

A principal whose identity is known by the third party at the time of entering into a contract with an agent.

Terminates

The act of bringing something to an end or conclusion, often referring to the cessation of agreements, employment, or processes.

Express Authority

Authority granted to an agent in clear, definite terms, verbally or in writing, by the principal in an agency relationship.

Legal Representative

An individual or entity authorized to act on behalf of another in legal matters or proceedings.