Which of the Following Reduces the Duration of Frictional Unemployment

question 74

Multiple Choice

Which of the following reduces the duration of frictional unemployment?

• A) Subsidizing research and development in new areas of science and technology
• B) Increasing the level of social security contributions from firms
• C) Establishing employment agencies which give out information about job vacancies
• D) Establishing labor unions which will protect workers from being laid off

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Definitions:

Nonconforming Goods

Products delivered under a sale contract that do not meet the specifications or quality standards stipulated.

Rightfully Revokes Acceptance

Pertains to a scenario where a purchaser legally cancels their acceptance of goods if the goods fail to conform to the contract in a substantial way.

Tender

Tender refers to the offer of payment by one party to another, or the offer to perform a contract obligation, in a manner that meets the terms of the contract.

Conforming Goods

Products that meet the specifications and terms outlined in a contract of sale, matching the buyer's expectations.