The Government Can Assist in Reducing the Level of Structural

question 165

Multiple Choice

The government can assist in reducing the level of structural unemployment by

• A) providing unemployment benefits.
• B) establishing government regulations on hiring employees.
• C) subsidizing the relocation of workers who lose their jobs.
• D) instituting a minimum-wage law.
• E) incentivizing companies to move their production overseas.

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Definitions:

Depreciation Expense

The allocated portion of the cost of a fixed asset, written off each year over the asset's useful life for accounting and tax purposes.

Scarcity

Occurs when the amount people desire exceeds the amount available at a zero price.

Choice

The act of selecting between two or more possibilities, often present in decision-making processes.

Economics

The study of how people use their scarce resources to satisfy their unlimited wants