Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for labor is called

Related MCQs

• Unemployment due to mismatch between skill possessed and present available jobs
• If the actual rate of unemployment exceeds to natural rate of unemployment then
• If the available workers are unaware of the jobs being offered and the employers are not aware of the available workers, such type on unemployment is called
• The field of economics that is now called Macroeconomics grew out of the era of the Great Depression, which saw the economy experience a prolonged downturn and persistent high unemployment. Classical economics could not explain these problems because its models assumed all of the following EXCEPT
• Tea and Coffee are perfect substitute of each other, given the price of Tea and Coffee being `100 and `200 per Kg. a consumer is prepared to buy 3 Kg. of each. If the price of tea remain same and the price of Coffee rises to `400 per kg. the demand for Tea goes to 6 Kg. and that of Coffee falls to 1Kg. The elasticity of substitution between Tea and Coffee is
• According to Modern approach, law of demand is caused by
• If the price of coffee falls by 8% and the demand for Tea declines by 2%. The corss price elasticity of demand for Tea is
• The demand for a product is 25 units when the price is `10, however the demand rises to 26 when the price is reduced to `9.9 per unit. The marginal revenue from production and sale of additional unit from 25 to 26 is
• If supply and demand both shift outward, but demand shifts outward more than supply, the equilibrium price
• Which of the following techniques uses variables such as price and promotional expenditures, which are related to product demand, to predict demand?