Suppose the Government Decides to Set Up a Website to Link

question 15

Essay

Suppose the government decides to set up a website to link prospective employers and employees.Employers can post jobs and employees can then send resumes.
(A)How would this affect unemployment?
(B)How would this affect frictional and structural unemployment?
(C)How would this affect the natural unemployment rate?
(D)Suppose as a by-product of the service,the government is able to pool data on the skill level and experience of employees and the desired skill level and experience demanded by employers.Why would this information be valuable? How could it be used to reduce unemployment?

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Definitions:

Foreign Subsidiary

A local operation completely owned by a foreign firm.

Local Firm

A business establishment that operates in a specific geographical area and typically serves the needs of a local community.

APEC

The Asia-Pacific Economic Cooperation, a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.

European Countries

Nations located on the European continent, each with its distinct culture, history, and political system.