Which of the Following Best Explains Why a Certain Amount

question 56

Multiple Choice

Which of the following best explains why a certain amount of unemployment may be socially desirable?

• A)When some workers become unemployed it provides a chance for others in the labour force to become employed.
• B)Unemployed workers are able to benefit from employment insurance.
• C)The time spent unemployed by the worker is valuable for finding the most appropriate match with firms.
• D)A pool of unemployed workers drives down the average wage in the economy,and keeps workers from becoming greedy.
• E)A pool of unemployed workers provides an incentive to those employed to remain productive.

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Definitions:

Government Efforts

Initiatives or actions taken by a government to address societal issues, regulations, or economic policies.

Private Efforts

Actions undertaken by individuals or private organizations rather than by the government or public entities to achieve a particular goal.

Political Corruption

The misuse of public power by government officials for private gain, often compromising the interests and rights of citizens.

Institutional Problem

Challenges and issues within established organizations that hinder their effectiveness or goals.