Question : The "skill gap" refers to:

Option 1: The difference in wages between skilled and unskilled workers

Option 2: The disparity in educational attainment across different regions

Option 3: The shortage of workers with specific skills in the labor market

Option 4: The effect of technological advancements on job opportunities

Question : The concept of "skill premium" refers to:

Option 1: The difference in wages between skilled and unskilled workers

Option 2: The cost of acquiring new skills

Option 3: The level of skill required for a particular job

Option 4: The market demand for skilled workers

Question : The concept of "brain drain" refers to:

Option 1: The emigration of skilled individuals from one country to another.

Option 2: The migration of individuals from rural to urban areas.

Option 3: The loss of jobs due to technological advancements.

Option 4: The withdrawal of workers from the labor force.

Question : The term "labor market flexibility" refers to:

Option 1: The ability of workers to switch jobs easily.

Option 2: The ease of hiring and firing employees.

Option 3: The availability of job opportunities in the market.

Option 4: The level of wages and benefits in the labor market.

Question : The concept of "informalization of labor" refers to:

Option 1: The shift from formal employment to self-employment

Option 2: The increase in labor market regulations and protections

Option 3: The integration of the informal sector into the formal economy

Option 4: The migration of workers from rural to urban areas